Hyperliquid ETF inflows reached $25.5 million Wednesday, surpassing the first five days combined and outpacing token supply burns.
Hyperliquid’s native token HYPE climbed 15.3% to $57.20 Thursday, hitting an intraday high of $58.97, driven by $25.5 million in ETF inflows the prior day. The surge follows a 100% rally this year, outpacing peers like Zcash and Worldcoin amid institutional demand.
Wednesday’s inflows exceeded the $22.35 million total from the first five days of trading and were 17 times higher than the token’s daily $1.4 million Assistance Fund burn. The dynamic suggests tightening supply as ETF demand accelerates.
HYPE’s gains reflect growing confidence in Hyperliquid’s decentralized exchange, which competes with centralized platforms on volume and user engagement. Bitwise has committed 10% of ETF fees to support the token’s balance sheet.