PANews reported on May 29 that, according to SoSoValue data, on May 28 (Eastern Time), the HYPE spot ETF saw a net inflow of $1.718 million, bringing its historical cumulative net inflow to $100 million. Its total net asset value was $122 million, and the HYPE net asset ratio was 0.90%.

Looking at the different products, the Bitwise Hyperliquid ETF (BHYP) saw a net inflow of $1.0178 million in a single day, with a historical cumulative net inflow of $57.6954 million; the 21Shares Hyperliquid ETF (THYP) saw a net inflow of $700,200 in a single day, with a historical cumulative net inflow of $46.4336 million.

On the same day, the VanEck BNB ETF (VBNB) was listed on Nasdaq. SoSoValue data shows that VBNB saw no net inflows on its first day of trading, with a trading volume of $113,000 and a total net asset value of $995,000. The ETF supports both cash and in-kind creation and redemption, and has a management fee of 0.39%.

Both HYPE and BNB are considered by the market to be assets related to trading infrastructure, but their early performance in the ETF market has differed. The former represents the on-chain derivatives trading platform Hyperliquid, while the latter is related to centralized exchange ecosystem assets.