HYPE spot ETFs log June 17 inflows as suspected a16z-linked wallets buy

HYPE spot ETFs recorded $2.1362 million in net inflows on June 17, led by Bitwise Hyperliquid ETF (BHYP) with $1.6256 million and Grayscale Hyperliquid Staking ETF (HYPG) with $510,600, according to SoSoValue. Hyperinsight separately said Hyperliquid-related ETFs drew $28 million over the past three days, with BHYP accounting for $24.5 million, HYPG $2.2 million, and THYP $1.3 million; cumulative inflows since launch were put at about $182.5 million to $183 million and category net asset value at $235 million. Hyperinsight estimated expected HYPE spot TWAP net buying over the next 24 hours at about $9.3 million, mainly from an address suspected to be linked to a16z. In a related on-chain update, analyst EmberCN said 12 wallets suspected of being linked to a16z moved $24 million in USDC to Hyperliquid over the past 20 hours to buy HYPE via TWAP. EmberCN added that, excluding the current round, wallets following the same pattern have transferred $259 million in USDC since March through more than 100 wallets, buying and staking 4.035 million HYPE at an average price of about $64 for unrealized profit of about $29 million.