HYPE ETF cumulative net inflows exceed $100 million, BNB ETF sees zero net inflow on debut day
According to SoSoValue data, on May 28 EST, the HYPE spot ETF recorded a total daily net inflow of $1.718 million, with cumulative historical net inflows reaching $100 million. Its total net assets stood at $122 million, and the HYPE net asset ratio was 0.90%.
By product, the Bitwise Hyperliquid ETF (BHYP) saw a daily net inflow of $1.0178 million, bringing its cumulative historical net inflow to $57.6954 million. Meanwhile, the 21Shares Hyperliquid ETF (THYP) recorded a daily net inflow of $700,200, with cumulative historical net inflows 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 first trading day, with a trading volume of $113,000 and total net assets of $995,000. The ETF supports both cash and in-kind subscriptions and redemptions, with a management fee rate of 0.39%.
Both HYPE and BNB are considered by the market to be assets related to trading infrastructure, but their early capital performance in the ETF market has shown divergence. The former represents Hyperliquid, an on-chain derivatives trading platform, while the latter is associated with the ecosystem assets of a centralized exchange.
