Daily net inflows for the first Hyperliquid ETFs have grown roughly eightfold since their launch, according to a report from Detik Finance.
The investment vehicles reached about $11 million on May 19, with total net assets crossing $30 million as HYPE trades at approximately $51.31.
>>> Guggenheim Lowers Gray Media Price Target to $7 After Q1 Results
Strong Onchain Fee Generation
This growth comes as Hyperliquid generates and captures 43% of all onchain fees.
The platform brings in roughly $11 million weekly, driven by perpetual futures which continue to out-monetize nearly everything else onchain.
>>> Japanese Bond Market Strain Threatens Global Yields and Financial Stability
Current ETF Providers and Fees
Currently, Bitwise and 21Shares operate the only live trading Hyperliquid ETFs, and both products provide staking.
Bitwise charges a 0.34% management fee, while 21Shares maintains a slightly lower fee of 0.30%.
To increase transparency, Bitwise published the specific onchain addresses where it holds its HYPE tokens.
>>> All BTS Members Secure Solo Entries on Billboard Hot 100
Furthermore, Bitwise committed to directing 10% of all fees generated from its ETF toward purchasing HYPE.
The market expects further competition in this space as VanEck and Grayscale have both filed for Hyperliquid ETFs.
>>> Goldman Sachs Adjusts Cricut Price Recommendation Amid Revenue Decline
However, neither of those proposed funds is live yet.
