According to Grayscale’s analysis, the Spot Hyperliquid (HYPE) ETF is outperforming Bitcoin, Ethereum, Solana, and XRP ETFs in terms of inflow-to-market cap ratio, despite attracting smaller absolute amounts. HYPE’s price dropped 9.22% to $54.74, yet it has risen from $38 to $54 since the Spot ETF launched in May 2026. Bitwise sold 117,917 HYPE tokens worth approximately $7.05 million. Hyperliquid recently burned 20.64K HYPE worth $1.2 million while generating $1.4 million in fees.
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