Hyperliquid ETF attracts $22.3 million in first week, analysis shows growing "real institutional demand"

Odaily reported that the Hyperliquid-linked spot ETF product recorded net inflows of approximately $22.3 million in its first week of listing. Market analysts believe this reflects strong institutional demand and the expansion of the on-chain derivatives ecosystem. Data shows that Hyperliquid currently accounts for over 42% of the fee market share in the on-chain derivatives sector, significantly ahead of the Ethereum and Solana ecosystems. Analysts believe that the buyback and burn mechanism of its token, HYPE, further amplifies the transmission effect of ETF fund flows on price. (The Block)

Previous news, Bloomberg ETF analyst Eric Balchunas stated that the rising trading volume of THYP is a "positive signal of strengthening organic demand," and noted that Hyperliquid's high fee revenue could be a key reason for fund attention.