Multiple outlets report that spot ETFs tracking Hyperliquid’s token, HYPE, are drawing substantial net inflows shortly after launch and are associated with sharp token price gains. The Block says U.S. spot HYPE ETFs pull in about $25.5 million in net inflows on a recent Wednesday, described as the largest positive flows since launch. Another The Block report cites early inflows of roughly $22.3 million and notes that adjusted inflows have outpaced those of bitcoin and ether funds in parts of the early trading period. CoinDesk similarly reports rising investor demand for Hyperliquid exposure as new HYPE ETFs gain traction.
Decrypt adds that HYPE rises double digits during the period and links the move to ETF demand extending an inflow streak, including an eight-day run reported alongside a fresh all-time high for the token. CoinTelegraph also describes HYPE trading at new highs, attributing the rally to accelerating ETF inflows and broader institutional activity, including increased participation on Hyperliquid’s futures and higher trading volumes on its exchange. Overall, sources agree that ETF flows are strong and coincide with HYPE reaching new highs.
