HYPE is trending again this week, likely following the launch of the new US spot Hyperliquid ETFs from Bitwise (BHYP) and 21Shares (THYP). Both launched with solid early volume and include staking, meaning ETF holders can indirectly earn staking rewards through the fund structure. Early inflows look decent so far, with THYP appearing to lead in the first days.
Main things people seem to be watching are whether inflows continue, how much of the ETF assets actually get staked, and how regulators treat staking inside ETF products going forward. There’s also some speculation about growing institutional interest, but nothing confirmed yet.
On the trading side, most of the spot liquidity for HYPE seems to be concentrated across a few major exchanges, with bitgethaving the highest spot vol.
Overall just looks like early momentum building again after the ETF news. lets see how it unfolds soon
[https://coinmarketcap.com/currencies/hyperliquid/](https://coinmarketcap.com/currencies/hyperliquid/)
