Hyperliquid ETFs Draw In $172M Since Launch as HYPE Hits All-Time High

Hyperliquid. * Cumulative HYPE ETF inflows hit nearly $172 million in roughly a month, with Bitwise’s BHYP leading at $106.6 million. * Hyperliquid’s HIP-3 saw SpaceX's SPCX perpetuals attract $1.4 billion in volume in a single session. Hyperliquid ETFs have been on a tear, starkly defying recent macroeconomic headwinds and the broader crypto market’s Q2 cooling. The protocol’s native token, HYPE, reflects that momentum, surging over 73% in the past month and 196% in 2026 to hit a new all-time high of $75.96 Tuesday morning, per [CoinGecko data](https://decrypt.co/price/hyperliquid). Bitwise's BHYP leads the HYPE ETF race with roughly $107 million in cumulative net inflows and $122.8 million in net assets, followed by 21Shares' THYP with $60 million and Grayscale's HYPG with $8.6 million. Cumulative trading volume across the three products has approached $900 million. “The Assistance Fund burn creates supply pressure, and Coinbase’s $5 billion USDC program injects sustained liquidity that compounds Hyperliquid’s competitive moat.” ![Image 9: Bitcoin ETF. Bitcoin ETFs have shed $2.1 billion in June so far, pacing May’s $2.4 billion outflows, according to SoSoValue data. Crypto Insight Analysis: Direction: Bullish HYPE Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: HYPE ETF inflows surge to $172M, with native token HYPE up 73% in a month, signaling strong market confidence.