Hyperliquid’s Two New ETFs Attract $22.3M, Daily Volume Surges to $14.1M
TXXH•Hyperliquid’s two US ETFs have drawn $22.3 million in net inflows since launch, with daily volume jumping from $1.8 million to $14.1 million and THYP’s price rising from $23.49 to $28.28. Hyperliquid’s exchange holds over 50% of decentralized perpetual futures open interest and trades $8 billion daily.
1. ETF Launch and Net Inflows
The two US-listed Hyperliquid ETFs, including the 2x Long HYPE fund, began trading on May 12 and have collectively attracted $22.3 million in net inflows by May 19, reflecting growing investor interest in both spot-style and leveraged altcoin exposure.
2. THYP Trading Volume and Price Movement
Daily turnover in the primary fund rose from $1.8 million at debut to $14.1 million by May 19, while its unit price advanced from $23.49 to $28.28, signaling expanding organic demand beyond initial launch activity.
3. Underlying Exchange Dominance
Hyperliquid’s on-chain derivatives exchange now commands over 50% of decentralized perpetual futures open interest and processes approximately $8 billion in daily trading volume, underscoring its market leadership among DeFi platforms.
4. Leveraged Fund Dynamics
The 2x Long HYPE ETF offers amplified exposure to the HYPE token, presenting higher potential returns alongside increased volatility and risk, as investors weigh leveraged strategies in a rapidly evolving crypto ETF landscape.
