Hyperliquid ETFs smash records with $25.5M in a single day — institutions piling in faster than early BTC ETFs!

U.S. spot Hyperliquid ETFs posted their largest-ever single-day net inflows on Wednesday, pulling in $25.5 million — up from $11 million on Tuesday and $4.4 million on Monday. Cumulative net inflows hit $54 million across the first seven trading days since launch, according to Farside data. The 21Shares Hyperliquid ETF (THYP) led Wednesday's haul with $16.7 million, while the Bitwise Hyperliquid ETF (BHYP) added $8.8 million.

Peter Chung, head of research at Presto Research, framed the pace bluntly: institutions are entering HYPE ETFs faster than they did BTC ETFs on a market-cap-adjusted basis. Dominick John of Zeus Research called the inflows an "easy entry point into the infrastructure narrative," pointing to Hyperliquid's transparent, usage-linked revenue model as the draw.

The investment thesis is structurally distinct from bitcoin or ether. CoinEx chief analyst Jeff Ko described…