Spot HYPE ETFs THYP and BHYP hit 1.04% of HYPE market cap in 10 days

Two newly launched US spot ETFs tied to Hyperliquid's HYPE token have posted early inflows that, by one measure, outpaced the debuts of spot Bitcoin, Ethereum, and Solana ETFs. The products include 21Shares' THYP (listed May 12) and Bitwise's BHYP (listed May 14), which together have drawn more than $95 million in net inflows within weeks; HYPE was trading near $62.31 at the time of writing.