Hyperliquid’s HYPE Token Up 160% YTD as THYP ETF Debuts $122M Inflows
THYP•Hyperliquid’s native token HYPE has surged roughly 160% year-to-date, reaching an all-time high while two ETFs—Bitwise Hyperliquid (BHYP) and 21Shares Hyperliquid (THYP)—launched this month and now hold a combined $122 million. THYP carries a 0.30% expense ratio and stakes about 66% of its assets at a net yield of 0.49%.
1. HYPE Token Surges 160% Year-to-Date
HYPE recently reached an all-time high after climbing roughly 160% since January, outperforming major cryptocurrencies such as bitcoin and ether which remain down significantly from their highs.
2. Launch of Two Hyperliquid ETFs and Asset Inflows
The Bitwise Hyperliquid ETF (BHYP) and 21Shares Hyperliquid ETF (THYP) both debuted this month, attracting a combined $122 million in assets under management.
3. THYP Expense Ratio and Staking Strategy
THYP charges a 0.30% expense ratio and stakes approximately 66% of its assets, yielding a net annual rate of 0.49% through validator rewards.
4. Hyperliquid Blockchain Use Cases and Fee Model
The Hyperliquid blockchain supports perpetual futures, spot trading, lending, and prediction markets, directing roughly 97% of protocol fees into a buyback fund that has repurchased over $1 billion worth of HYPE.
