The excitement around Hyperliquid (HYPE) ETFs is palpable, with early inflows showing a remarkable 8x surge since their debut. As of May 19th, daily net inflows have climbed to approximately $11 million, pushing total net assets beyond the $30 million mark. This robust performance is particularly noteworthy as Bitwise and 21Shares stand as the sole active HYPE ETFs, with industry giants VanEck and Grayscale still awaiting the green light for their own filings.
Key Takeaways
- Daily net inflows for Hyperliquid ETFs have increased by roughly 8x since launch, reaching around $11 million by May 19.
- Total net assets for these ETFs have surpassed $30 million.
- Bitwise and 21Shares are the only currently live Hyperliquid ETFs, both offering staking functionality.
- Bitwise has committed to reinvesting 10% of its ETF fees into purchasing HYPE, enhancing transparency by publishing its onchain holdings.
- VanEck and Grayscale have filed for their own Hyperliquid ETFs but are not yet live.
The burgeoning success of these ETFs coincides with Hyperliquid’s impressive fee generation. The platform is capturing 43% of all on-chain fees, a staggering sum of roughly $11 million weekly, underscoring the dominance of perpetual futures in the current crypto landscape. This fee engine is a significant driver of the underlying asset’s value and appeal. Bitwise and 21Shares are leading the charge, providing investors with direct exposure to Hyperliquid’s performance. Both ETFs include staking as a feature, allowing holders to potentially earn additional rewards. Bitwise operates with a 0.34% management fee, while 21Shares offers a slightly lower 0.30%. In a move to bolster trust and transparency, Bitwise has publicly shared the on-chain addresses holding its HYPE, ensuring investors can verify the ETF’s holdings. Furthermore, Bitwise’s commitment to using 10% of its generated fees to buy HYPE demonstrates a strong alignment with the long-term growth of the ecosystem. The market is clearly anticipating further developments, with VanEck and Grayscale having submitted their own ETF applications. While these are not yet live, their filings signal a broader institutional interest in the Hyperliquid ecosystem.
The Hyperliquid ETF $THYP is growing volume each day since launch in the tens of millions now, 8x over Day One, which is really good sign of organic interest. It also went up 20% right out of the gate, that def helps the cause. Now can someone pls pass me a glow stick.
— Eric Balchunas
Based on materials from : www.bankless.com