HYPE spot ETFs recorded a net outflow of $26.4243 million during the Sept. 7-11, 2026, trading week, according to SoSoValue data. Bitwise’s BHYP accounted for $20.1334 million of the withdrawals, while 21Shares’ THYP recorded $6.2909 million. The latest outflow followed a $29.8 million combined decline across a 12-session period ending Aug. 3, indicating that selling pressure had persisted across multiple weeks. Despite the withdrawals, cumulative net inflows since launch remained about $330 million and combined net assets stood at $430 million, equal to 2.40% of HYPE’s total market capitalization. THYP launched on May 12, 2026, followed shortly afterward by BHYP. Both products offer pass-through staking rewards from HYPE staked on behalf of holders. The products provide exchange-traded exposure to HYPE, the native token of Hyperliquid, a decentralized perpetuals exchange, as competition among altcoin ETF products has expanded.