The spot HYPE ETF has accumulated a trading volume of nearly 900 million dollars in its first month, with a net inflow of 153 million dollars

According to a report by The Block, the first batch of spot HYPE ETFs has been online for about a month, with a cumulative trading volume nearing $900 million and a cumulative net inflow of $153 million. Currently, three institutions have launched regulated HYPE ETFs: 21Shares' THYP, Bitwise's BHYP, and Grayscale's HYPG. Approximately 97% of the trading fees for HYPE are directly transferred to the repurchase fund, creating a direct link between trading volume and token demand. All three ETFs directly hold HYPE and pass on about 2.25% of the annualized staking yield to investors. Currently, about 45% of the qualified supply (approximately 43.4 million HYPE) has been staked. In terms of trading volume distribution, BHYP and THYP dominate, while the later-launched HYPG is still in the capital accumulation phase.