{"id":3268,"date":"2026-05-21T21:08:35","date_gmt":"2026-05-21T21:08:35","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3268"},"modified":"2026-05-21T21:08:35","modified_gmt":"2026-05-21T21:08:35","slug":"hype-etfs-gain-strong-early-momentum-as-eric-balchunas-praises-launch-timing","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/21\/hype-etfs-gain-strong-early-momentum-as-eric-balchunas-praises-launch-timing\/","title":{"rendered":"HYPE ETFs Gain Strong Early Momentum as Eric Balchunas Praises Launch Timing"},"content":{"rendered":"\n
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Trading volumes for newly launched US based exchange traded funds linked to Hyperliquid continued climbing this week, with activity surging another 50% on Wednesday alone.<\/p>\n\n\n\n

According to data from SoSoValue, the recently launched HYPE focused ETFs from 21Shares and Bitwise have already generated nearly $41 million in combined trading volume since entering the market earlier this month.<\/p>\n\n\n\n

Hyperliquid ETFs Build Rare Early Momentum<\/strong><\/p>\n\n\n\n

Bloomberg ETF analyst Eric Balchunas commented on the rapid rise in trading activity, noting that both funds experienced another 50% jump in volume during Wednesday trading.<\/p>\n\n\n\n

In a post shared on X, Balchunas described the timing of the launches as \u201cperfect,\u201d especially as traditional markets and major asset classes including stocks, bonds, gold, Bitcoin, and the broader crypto sector have struggled in recent weeks.<\/p>\n\n\n\n

In contrast, HYPE has rallied roughly 37% since the launch of the THYP ETF on May 12.<\/p>\n\n\n\n

Balchunas also pointed out that the continued rise in trading activity during the first week is uncommon for newly launched ETFs, which often experience a brief burst of excitement before volumes quickly fade.<\/p>\n\n\n\n

21Shares became the first company to launch a HYPE linked ETF in the United States when it introduced THYP on May 12. The product attracted approximately $1.2 million in net inflows shortly after launch.<\/p>\n\n\n\n

Bitwise followed with its BHYP ETF on May 14, bringing in around $750,000 in net inflows. Trading activity for the fund has continued trending higher since its debut.<\/p>\n\n\n\n

Meanwhile, Grayscale Investments has also joined the race to launch a Hyperliquid related investment product after filing for a HYPE ETF in March. The proposed fund remains under review by US regulators.<\/p>\n\n\n\n

Blockchain analytics platform Lookonchain recently reported that wallets connected to Grayscale purchased and staked approximately 510,387 HYPE tokens worth nearly $24.95 million over the past week.<\/p>\n\n\n\n

A wallet reportedly linked to Galaxy Digital also accumulated around 158,100 HYPE tokens valued at roughly $8.8 million.<\/p>\n\n\n\n

Hyperliquid\u2019s Growth Continues Accelerating<\/strong><\/p>\n\n\n\n

Zooming out, HYPE has gained close to 40% so far this month, pushing its year to date returns to nearly 123%.<\/p>\n\n\n\n

Bitwise Chief Investment Officer Matt Hougan recently described Hyperliquid as one of the most significant crypto projects to emerge in recent years. He also argued that the market continues to underestimate both the platform\u2019s long term influence and the value of the HYPE token itself.<\/p>\n\n\n\n

Hougan stated that Hyperliquid has evolved far beyond a standard crypto perpetual futures exchange and is increasingly becoming a financial \u201csuper app.\u201d<\/p>\n\n\n\n

According to him, the platform now provides exposure to commodities, S&P 500 futures, pre IPO stocks, and prediction markets. He added that nearly half of Hyperliquid\u2019s trading volume currently comes from non crypto assets, with that figure potentially rising even further before the end of the year.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Trading volumes for newly launched US based exchange traded funds linked to Hyperliquid continued climbing this week, with activity surging another 50% on Wednesday alone. According...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3268","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3268"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3268\/revisions"}],"predecessor-version":[{"id":3270,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3268\/revisions\/3270"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}