HYPE ETFs Gain Traction as Bitcoin Market Cools

Bitwise and 21shares launched BHYP and THYP ETFs tracking hyperliquid, a decentralized perpetual futures exchange operating 24/7 for U.S. outside traders. The funds have attracted $150 million in assets with consistent net inflows amid bitcoin's decline. Hyperliquid serves as a gateway for non-crypto investors seeking access to oil markets via weekend trading. Grayscale research head Zach Pandl says the inflow reflects a shift toward investors unfamiliar with traditional crypto assets.