HYPE ETFs are gaining momentum.
Spot ETFs tracking HYPE attracted around $153 million in net inflows during their first month and generated nearly $900 million in total trading volume.
There are currently three products on the market:
21Shares THYP
Bitwise BHYP
Grayscale HYPG
All three hold HYPE directly and distribute staking rewards to investors.
Most trading activity so far has been concentrated in THYP and BHYP.
At the same time, around 434 million HYPE, or 45% of the supply available for staking, has already been staked.
Spot ETFs tracking HYPE attracted around $153 million in net inflows during their first month and generated nearly $900 million in total trading volume.
There are currently three products on the market:
21Shares THYP
Bitwise BHYP
Grayscale HYPG
All three hold HYPE directly and distribute staking rewards to investors.
Most trading activity so far has been concentrated in THYP and BHYP.
At the same time, around 434 million HYPE, or 45% of the supply available for staking, has already been staked.