Spot Hyperliquid ETFs took in $111 million during the week ending June 26, while U.S. spot Bitcoin and Ethereum funds lost a combined $2.06 billion, according to Bitcoin.com News. The split suggests HYPE flows were not just part of a broader crypto ETF rotation.
Hyperliquid is a decentralized perpetual-futures exchange that processed $240.5 billion in on-protocol trading volume over the past 30 days.
Thursday, June 25 accounted for most of the HYPE ETF inflow. The three listed products, THYP, BHYP, and HYPG, logged $108.09 million in a single session, nearly five times the $22.99 million XRP ETFs collected across all five days.
Bitcoin ETFs posted $1.79 billion in weekly redemptions, led by a $1.3 billion outflow from BlackRock's IBIT. Ethereum funds recorded another $273 million in outflows over the same period.
Since launch, the three HYPE funds have accumulated $161 million in cumulative net inflows, with only one day of net redemptions on record: a $2.9 million exit from Bitwise's BHYP on June 5.
Combined trading volume across the three HYPE ETF products has reached nearly $900 million, giving the first-month inflow figure a larger market context without making price claims. BTC and ETH products moved together into negative territory last week, while HYPE funds stayed positive across the same window.