Spot HYPE ETFs Attract $153M in First-Month Inflows, Trading Volume Nears $900M

Spot HYPE ETFs have recorded around $153 million in net inflows since launching, with total trading volume nearing $900 million in their first month on the market.

Investors currently have access to three spot HYPE funds—21Shares’ THYP, Grayscale’s HYPG, and Bitwise’s BHYP. All three products hold HYPE directly and provide investors with staking rewards.

Trading activity has been led primarily by BHYP and THYP. Meanwhile, about 434 million HYPE tokens, representing 45% of the token’s stakeable supply, are currently locked in staking.

Source: The Block