Two Hyperliquid spot ETFs had net inflows exceeding US$22 million in the first week

According to TheBlock, the two U.S. spot ETFs that track Hyperliquid-21Shares 'THYP and Bitwise's BHYP-had a combined net inflow of approximately US$22.3 million in the first week of launch, recording inflows of more than US$11.0 million in a single day on Tuesday. Analysts said that in the first six trading days, the two Hyperliquid ETFs had net inflows adjusted for market value stronger than the Bitcoin ETF on three days and stronger than the Ethereum ETF on five days. On-chain data shows that Hyperliquid recently accounted for more than 42% of the entire network's blockchain fee revenue, and almost all of its token HYPE revenue was used for repurchase through the AssistanceFund. Analysis by Bitcoin Suisse pointed out that the amount of HYPE purchased by ETFs in the previous six days was about 2.5 times the amount purchased and destroyed by the fund. Bitwise previously stated that it would use part of BHYP's management fees to buy and pledge HYPE.