Bitwise Hyperliquid ETF Sees Record-Breaking Inflow of $19 Million

The Bitwise Hyperliquid ETF (BHYP) has experienced an unprecedented surge in popularity, with $19 million flowing into the fund in a single day. This marks the largest single-day inflow for any crypto ETF to date and surpasses all other funds in the market.

According to Kairos Research data, BHYP absorbed 1.04% of Hyperliquid's market capitalization within its first 10 trading days, outperforming Bitcoin, Ether, and Solana ETFs in terms of relative demand. This impressive debut has solidified BHYP's position as the largest Hyperliquid ETF in the world.

Interestingly, the $19 million inflow represented a significant portion of the fund's total trading volume, which stood at around $22 million on the day in question. This suggests that most of the activity was driven by buying, rather than selling or redemptions.