HYPE ETF cumulative net inflow exceeds $100 million, BNB ETF sees zero net inflow on debut day

According to SoSoValue data, as of May 28 Eastern Time, the HYPE spot ETF recorded a single-day total net inflow of $1.718 million, with a historical cumulative net inflow reaching $100 million. The total net asset value stood at $122 million, and the HYPE net asset ratio was 0.90%.

By product, the Bitwise Hyperliquid ETF (BHYP) saw a single-day net inflow of $1.0178 million, bringing its historical cumulative net inflow to $57.6954 million. The 21Shares Hyperliquid ETF (THYP) recorded a single-day net inflow of $700,200, with a historical cumulative net inflow of $46.4336 million.

On the same day, the VanEck BNB ETF (VBNB) was listed on Nasdaq. SoSoValue data shows that VBNB had no net inflow on its debut day, with a trading volume of $113,000 and a total net asset value of $995,000. The ETF supports both cash and in-kind creation and redemption, with a management fee rate of 0.39%.

Both HYPE and BNB are viewed by the market as assets related to trading infrastructure, yet their early capital performance in the ETF market has diverged. The former represents Hyperliquid, a blockchain-based derivatives trading platform, while the latter is associated with assets from the centralized exchange ecosystem.