Hyperliquid HYPE-linked ETFs THYP and BHYP log $41M volume; Balchunas cites "perfect" timing

Two US-listed ETFs tied to Hyperliquid's HYPE token—21Shares' THYP and Bitwise's BHYP—have posted strong early trading, reaching nearly $41 million in combined volume since launching earlier this month. On Wednesday, their trading volume rose another 50%, while HYPE was up 37% since THYP debuted on May 12. THYP reported $1.2 million in net inflows at launch, and BHYP followed on May 14 with $750,000.