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HYPE token sees net inflation despite buybacks; new 21Shares ETF draws steady investor inflows

Protocol Fundamentals
17 May 2026, 12:57 WIB
Blockonomi
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Neutral
HYPE token sees net inflation despite buybacks; new 21Shares ETF draws steady investor inflows

On May 16, 2026, HyperCore repurchased 23,679.72 HYPE tokens but distributed 26,766 HYPE as staking rewards, resulting in a net inflation of 3,087 tokens added to circulation. This pace could add over 1.11 million HYPE tokens annually, reflecting ongoing supply growth. Meanwhile, the newly launched 21Shares spot HYPE ETF recorded positive net inflows every day during its first week, closing with $12.64 million in assets under management, representing 0.12% of HYPE's market cap. The ETF's steady inflows indicate strong investor demand and add buying pressure to HYPE as the protocol manages its inflation and supply dynamics going forward.

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