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Bitwise Hyperliquid ETF tops $30 million in assets as HYPE fund race accelerates
Bitwise’s BHYP passed $30 million in assets five days after launch, following 21Shares’ earlier HYPE ETF debut.
Bitwise’s Hyperliquid ETF surpassed $30 million in assets five days after launch, adding momentum to the early race for regulated exposure to HYPE.
What a week. Here’s the Bitwise Hyperliquid ETF $BHYP Trading Report after the first five days.*
– $30.5M in AUM
– Average daily volume: $9.2M
– Total inflows: $26.9M
– The only spot Hyperliquid ETF to stake assets in-house
– The only spot Hyperliquid ETF to publish the fund’s… pic.twitter.com/G7UcuwmWO1— Bitwise (@Bitwise) May 22, 2026
The Bitwise Hyperliquid ETF, trading under the ticker BHYP, reached $30.5 million in assets under management after its first five trading days, according to figures shared by Bitwise. The fund also recorded $26.9 million in total inflows and $9.2 million in average daily trading volume over the period.
Bitwise said BHYP is the only spot Hyperliquid ETF to stake assets in-house and publish the fund’s wallet addresses. The firm also said 10% of the fund’s annual management fee will be held as HYPE on Bitwise’s balance sheet, tying part of the issuer’s economics to the token’s performance.
The launch followed 21Shares’ earlier debut of its own Hyperliquid ETF in the US. The 21Shares product, trading under the ticker THYP on Nasdaq, has accumulated $42.7 million in inflows since launch.
Demand for the two live HYPE ETFs accelerated this week. The funds recorded their strongest daily inflows on Wednesday, with a combined $25.5 million in net inflows. 21Shares brought in $16.6 million, while Bitwise recorded $8.8 million, according to data by Farside.
Grayscale is also pushing for a Hyperliquid ETF. The firm filed for a Grayscale HYPE ETF in March, with the proposed trust designed to hold HYPE directly.
The ETF launches helped push HYPE to a new all-time high above $62 on Thursday, with record inflows renewing investor interest in the asset. The rally cooled on Friday afternoon, with HYPE down nearly 7% on the day and trading near $54.50 at press time.