Grayscale’s HYPG lists on Nasdaq as U.S. HYPE ETFs near $150 million in inflows

Grayscale’s June 4 launch added a third listed U.S. Hyperliquid ETF, with first-day HYPG inflows around $4.7 million and cumulative category inflows reaching about $145 million to nearly $150 million within days.

HYPE

Summary

Grayscale Hyperliquid Staking ETF (HYPG) launched on Nasdaq on June 4, expanding the lineup of listed U.S. HYPE exchange-traded products to three. Data cited from Hyperinsight showed HYPG drew about $4.7 million in first-day net inflows, while total net inflows for U.S. Hyperliquid ETFs were about $12.2 million that day, led by Bitwise’s BHYP at about $7.5 million and with THYP roughly flat. Earlier figures cited from SoSoValue put June 4 category inflows at $12.1494 million, including $4.6973 million for HYPG and $7.4521 million for BHYP. Cumulative inflows were reported at $145 million, while a separate update said Bitwise and 21Shares’ BHYP and THYP spot HYPE ETFs, launched in May, had pulled nearly $150 million within days. Grayscale’s HYPG was also described as having gathered about $4.5 million in assets. Issuers and executives said the products are broadening investor access to Hyperliquid through public markets rather than direct crypto trading, although U.S. access and regulation remain constraints on wider adoption.

Terms & Concepts
  • HYPE spot ETF: An exchange-traded fund designed to track or hold HYPE spot market exposure.
  • staking: Locking tokens to support network operations and potentially earn rewards.
  • net inflows: The amount of money entering a fund after subtracting withdrawals.