# Hyperliquid ETF Inflows Grow 8x Since Launch

*Author: David Christopher*
*Published: May 20, 2026*
*Source: https://www.bankless.com/fr/read/news/hyperliquid-etf-inflows-grow-8x-since-launch*

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Daily net inflows for the first Hyperliquid ETFs have [grown roughly 8x since launch](https://x.com/EricBalchunas/status/2057082290883199389?s=20), reaching about [$11 million on May 19](https://sosovalue.com/assets/etf/us-hype-spot), with total net assets crossing $30 million as HYPE trades at about $51.31.

### **What's the Scoop?**
- **Hyperliquid's Fee Engine:** The ETF launch comes as Hyperliquid generates and caputres 43% of *all* onchain fees, roughly $11 million weekly, [according to the Block](https://x.com/fintechfrank/status/2057014210647773519), as perpetual futures continue to out-monetize nearly everything else onchain.
- **The Two Live ETFs:** [Bitwise](https://bitwiseinvestments.com/newsroom/bitwise-launches-spot-hyperliquid-etf-bhyp) and [21Shares](https://www.21shares.com/en-us/products-us/thyp) are the only Hyperliquid ETFs currently trading, both providing staking. Bitwise charges a 0.34% management fee versus 21Shares at 0.30%. Today, [Bitwise published the onchain addresses](https://x.com/Bitwise/status/2057107299525665201?s=20) where it holds its HYPE, adding a layer of transparency to its holdings. Bitwise has also committed to directing 10% of all fees generated from its ETF toward buying HYPE.
- **More ETFs Coming:** [VanEck and Grayscale](https://www.bankless.com/read/what-the-hyperliquid-stablecoin-deal-was-really-about) have both filed for Hyperliquid ETFs. Neither is live yet.

> The Hyperliquid ETF [$THYP](https://twitter.com/search?q=%24THYP&src=ctag&ref_src=twsrc%5Etfw) is growing volume each day since launch in the tens of millions now, 8x over Day One, which is really good sign of organic interest. It also went up 20% right out of the gate, that def helps the cause. Now can someone pls pass me a glow stick. [pic.twitter.com/vwNpxieAsK](https://t.co/vwNpxieAsK)— Eric Balchunas (@EricBalchunas) [May 20, 2026](https://twitter.com/EricBalchunas/status/2057082290883199389?ref_src=twsrc%5Etfw)