Grayscale's HYPG Debuts on Nasdaq; HYPE Spot ETFs Log $12.15M Daily Net Inflows

Grayscale's Hyperliquid Staking ETF (HYPG) has begun trading on the Nasdaq, bringing the number of U.S.-listed HYPE spot ETFs to three. SoSoValue data show HYPE spot ETFs attracted $12.15 million in net inflows in a single day. HYPG posted $4.70 million of net inflows on its first full trading day, matching its cumulative inflows to date. Bitwise's Hyperliquid ETF (BHYP) led the group with $7.45 million of net inflows for the day, lifting its historical net inflows to $90.41 million. At the time of reporting, HYPE spot ETFs held total net assets of $186 million, with HYPE accounting for 1.24% of total net assets. Cumulative historical net inflows across the category reached $152 million. HYPG allows both cash and in-kind creations and redemptions, charges a 0.29% management fee, and can generate additional yield through HYPE staking. Creations and redemptions are processed in 10,000-share baskets and are available only to authorized participants.