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Hyperliquid's HYPE ETF sees first outflow after 16 days of inflows, testing institutional demand.

Market News
30 Jun 2026
Crypto news
View Source
Neutral
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The Bitwise HYPE ETF, launched in May 2026, provided regulated investors a new way to access Hyperliquid's token, HYPE. After 16 consecutive days of inflows, the ETF recorded its first outflow of nearly $3 million on June 5, signaling that institutional demand can fluctuate with market sentiment. HYPE's price is influenced by a unique buyback mechanism funded by trading fees, which burns tokens to reduce supply, but this is balanced against monthly token unlocks adding new supply. The ETF's flows, trading volume, regulatory developments, and supply dynamics will be key to HYPE's price direction, with forecasts ranging widely from $20 to $150 or more by year-end depending on these factors.

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