Daily net inflows for the first Hyperliquid ETFs have grown roughly 8x since launch, reaching about $11 million on May 19, 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, as perpetual futures continue to out-monetize nearly everything else onchain. – The Two Live ETFs: Bitwise and 21Shares 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 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 have both filed for Hyperliquid ETFs.
Neither is live yet