Hyperliquid ETF netted $25.5 million in inflows on Wednesday

According to data from SoSoValue and Dune Analytics, the newly launched Hyperliquid ETF recorded net purchases of $25.5 million on Wednesday, surpassing the total net purchases of $22.35 million from the previous five days.

Additionally, Bitwise disclosed the wallet address for its Hyperliquid ETF on Wednesday and announced that it will allocate 10% of the ETF management fees to hold HYPE on its balance sheet. (decrypt)