Spot Hyperliquid ETFs launched in 2026, offering institutional exposure to the HYPE token through regulated exchange-traded products. Tracked issuers are Bitwise (BHYP), 21Shares (THYP) and Grayscale (HYPG).
AUM
$470.0M
24H FLOW
+$3.4M
YTD FLOW
+$351.9M
PRICE
$94.86
ISSUER MARKET SHARE
Share of cumulative net inflows · funds launched from zero
Hyperliquid ETF complex has attracted +$351.9M in cumulative net flow since May 2026, with current assets under management of $470.0M across 3 issuers.
Hyperliquid (HYPE) ETF flows show how much money is moving into and out of spot Hyperliquid exchange-traded products each day — an early, real-time read on institutional demand for HYPE.
What Hyperliquid ETF flows tell you
Hyperliquid is a high-performance blockchain built around an on-chain perpetuals exchange, and HYPE is its native token. A spot HYPE exchange-traded product gives investors regulated exposure to the HYPE price without holding the token directly: issuers create shares and buy HYPE on inflows, and redeem shares on outflows.
Three U.S. issuers run spot HYPE products: Bitwise (BHYP, 0.34% fee), 21Shares (THYP, 0.30%) and Grayscale (HYPG, 0.29%). All three listed in 2026, which makes this one of the few places to see institutional demand for Hyperliquid measured day by day — and why even small flows are meaningful here.
Because the market is so young, the flow trend is often more informative than any single day: it shows whether regulated capital is starting to treat HYPE as an allocatable asset alongside the larger crypto ETFs.
What drives Hyperliquid ETF inflows and outflows
Novelty and scarcity of products — with few issuers, new demand can move flows sharply.
HYPE price momentum and high volatility — a young, fast-moving asset sees pronounced allocation and redemption swings.
Hyperliquid ecosystem growth — trading volume and adoption of the underlying exchange shape investor interest.
Rotation from larger crypto ETFs — some capital seeking higher beta may rotate from BTC and ETH products.
Risk appetite — demand for a newer, higher-risk asset is sensitive to broad market sentiment.
News and listings — new product launches and exchange developments can drive step-changes in demand.
How to read the data on this page
The daily net flow shows whether the products together took in money (inflow, green) or lost it (outflow, red). The cumulative line sums daily flows to approximate net capital into HYPE products since launch.
The issuer breakdown lists each product and its share. Because Hyperliquid is new, comparing its flows with Bitcoin, Ethereum, Solana and XRP helps put the scale of HYPE demand in context.
One day dominates the whole series: on 25 June 2026 Grayscale's HYPG took in $112.7m, more than every other day of every fund combined. Read the cumulative line with that in mind — a single seeding event, not a demand trend.
Flow figures are aggregated from issuer disclosures and public filings, expressed in U.S. dollars (millions), and refreshed every business day. A positive number is a net inflow; a negative number is a net outflow.
Frequently asked questions
What is a Hyperliquid (HYPE) ETF flow?
It is the net amount of money that moved into or out of spot HYPE exchange-traded products on a given day. Inflows mean shares were created and more HYPE was bought; outflows mean shares were redeemed.
What is Hyperliquid and HYPE?
Hyperliquid is a high-performance blockchain centred on an on-chain perpetual-futures exchange, and HYPE is its native token. Spot HYPE products give regulated exposure to the HYPE price.
Which issuers offer a Hyperliquid ETF, and what are the tickers?
Three: Bitwise (BHYP, 0.34% sponsor fee), 21Shares (THYP, 0.30%) and Grayscale (HYPG, 0.29%). All three are spot products listed on U.S. exchanges in 2026.
Do Hyperliquid ETFs stake the HYPE they hold?
Bitwise's BHYP and Grayscale's HYPG stake part of their HYPE and keep 25% of the staking reward as a fee; 21Shares has not disclosed a staking fee for THYP. Staking is what makes HYPE products structurally different from spot Bitcoin ETFs, which hold an asset that cannot be staked.
HYPE products are among the newest crypto ETFs and there are only three of them, so their flows are one of the only direct, early signals of institutional demand for Hyperliquid.
Why watch ETF flows instead of just the HYPE price?
Flows isolate long-only, regulated capital, while price reflects all trading. For a young asset like HYPE, flows are a clearer read on whether institutions are starting to allocate.
How often is the flow data updated?
Every business day, as issuers disclose creations and redemptions. Weekends and market holidays usually show no new flow.
