HYPE ETFs pull $160M as THYP/BHYP surge amid BTC & ETH outflows

HYPE ETFs dey get strong momentum even as Bitcoin ETFs and Ether ETFs dey see heavy outflows. Two new U.S. spot HYPE token ETFs—21Shares’ THYP and Bitwise’s BHYP—report say dem don attract close to $160M net inflows since mid-May 2026, with early-week net flows around $22M to $54M and one Wednesday session hitting about $25.5M combined. Pricing and structure still look supportive. THYP charge 0.30% expense ratio and BHYP 0.34%, and dem mention early fee waivers. Time wey this happen na sharp: the HYPE inflow surge match the week wey BTC ETFs record more than $1B outflows, showing say some rotation fit dey from BTC/ETH into alternative exposure. The article main point na demand linkage. Hyperliquid dey use HYPE token for fees and staking, and the report highlight buyback/staking alignment wey fit mechanically reinforce flows into the underlying token. E also mention one big trade before where USDC-funded HYPE position sell for big profit. Watch the risk side. Grayscale dey reportedly consider Hyperliquid-linked staking ETF, wey fit add a yield component versus today's spot products. But HYPE small-cap liquidity fit raise tracking/slippage risks during volatility—important for traders wey dey size positions in HYPE ETFs.