Spot HYPE ETFs set 2026 debut record as $30.93M HYPE leaves Coinbase Prime

Two U.S.-listed spot ETFs tied to Hyperliquid's HYPE token—21Shares' THYP and Bitwise' BHYP—absorbed 1.04% of HYPE's market cap within their first 10 trading days and gathered $72.38M in total assets. On May 27, one newly created wallet withdrew 501,250 HYPE worth about $30.93M from Coinbase Prime, pointing to large-scale holdings moving off exchange.