HYPE ETFs Attract $161M in Net Inflows Amid Hyperliquid's Rapid Growth

Three US-traded spot HYPE ETFs have pulled in $161 million in net inflows since their launch on Nasdaq one month ago, according to CryptoRank. This influx of capital is a significant milestone for Hyperliquid's derivatives venue, which has already processed hundreds of billions in monthly volume and boasts annualized fees exceeding $1 billion.

The clean flow record partly reflects access mechanics, as Hyperliquid restricts US users from its platform, leaving brokerage-listed ETFs as the only way American investors can hold HYPE without navigating a non-custodial wallet. The more durable driver is the asset itself, which offers an auditable usage metric, a fee-to-buyback tokenomics loop, and a platform already processing hundreds of billions in monthly volume.

The business behind the token has seen significant growth, with DefiLlama showing $240.5 billion in 30-day perp volume, $72.4 billion over seven days, and $9.4 billion over 24 hours. The open interest is currently $8.6 billion, and annualized revenue nears $886 million.