Spot HYPE ETFs Draw $161 Million Net Inflows in First Month After THYP Launch

Three U.S.-traded spot HYPE ETFs recorded $161 million in net inflows in their first month after THYP launched on Nasdaq. According to NS3.AI, June 5 was the only session with net outflows, driven by a $2.9 million redemption from BHYP. Separately, DefiLlama data showed Hyperliquid posted $240.5 billion in perpetual futures volume over the past 30 days and $4.663 trillion in cumulative perpetual futures volume. Bitwise CIO Matt Hougan said most investors still do not know what Hyperliquid is.