Hyperliquid ETF Volume Surges Past $900M in First Month
Three spot Hyperliquid (HYPE) exchange-traded funds (ETFs) have collectively approached $900 million in cumulative trading volume since their launches, with net inflows reaching $153 million. The figures span roughly one month of live trading across all three products.
The funds are THYP from 21Shares, BHYP from Bitwise, and HYPG from Grayscale. Each holds HYPE directly and passes staking rewards through to investors. The annualized staking reward rate currently sits at approximately 2.25%, with rewards accrued every minute, distributed daily, and automatically compounded.
Volume has been concentrated in two of the three products. BHYP and THYP account for the majority of trading activity, while HYPG, the most recent entrant, is still building momentum.