Hyperliquid ETF sees $22.3M in inflows during its first week, reflecting strong institutional demand.

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Hyperliquid ETF inflows reached $22.3 million in its first week, according to Odaily. On-chain data shows the product is attracting strong institutional demand. Hyperliquid now controls over 42% of on-chain derivatives transaction fees, surpassing Ethereum and Solana. The HYPE token’s buyback and burn mechanism is viewed as amplifying price momentum from ETF inflows. Bloomberg analyst Eric Balchunas described the rising THYP volume as a sign of organic demand growth, highlighting high fee revenue as a capital magnet.

Odaily Planet Daily reports that spot ETF products related to Hyperliquid recorded approximately $22.3 million in net inflows during their first week of listing, with market analysts attributing this to strong institutional demand and the expansion of on-chain derivatives ecosystems. Data shows that Hyperliquid currently holds over 42% of the fee share in the on-chain derivatives market, significantly outpacing the Ethereum and Solana ecosystems. Analysts believe that HYPE’s token buyback and burn mechanism further amplifies the price transmission effect of ETF fund flows. (The Block)

Previous reports indicate that Bloomberg ETF analyst Eric Balchunas said the sustained increase in THYP trading volume is a “positive signal of growing organic demand,” noting that Hyperliquid’s high fee income may be a key reason for capital attention.

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