HYPE ETFs Attract $150M Inflows on June 6 as Bitcoin, Ethereum Decline

According to BlockBeats, on June 6, HYPE spot ETFs attracted approximately $150 million in inflows despite Bitcoin and Ethereum declines. Bitwise (BHYP) and 21Shares (THYP) launched the Hyperliquid spot ETFs in May, while Grayscale's Hyperliquid Staking ETF (HYPG) reached $4.5 million in assets. As of now, 21Shares' fund manages $75.8 million and Bitwise's manages $71.1 million.

Grayscale research head Zach Pandl noted the ETF is attracting new investors previously outside crypto markets. Hyperliquid's appeal lies in its fee-capture mechanism, where 99% of platform fees fund HYPE token buybacks, similar to corporate share repurchases, creating a direct link between platform activity and token value.