Trading volume for THYP, a Hyperliquid-related ETF, reached tens of millions of dollars, according to the provided report. Bloomberg ETF analyst Eric Balchunas said the ETF gained about 20% on its debut and described the jump in trading activity to roughly eight times the first-day level as a positive sign of growing organic interest. In ETF markets, rising volume can indicate broader investor participation and improved liquidity, though the source does not provide exact turnover figures or additional fund details.