PANews reported on June 16th that, according to a report by The Block, the first batch of spot HYPE ETFs, launched approximately one month ago, have accumulated nearly $900 million in trading volume and $153 million in net inflows. Currently, three institutions offer regulated HYPE ETFs: 21Shares' THYP, Bitwise's BHYP, and Grayscale's HYPG.

Approximately 97% of HYPE's transaction fees are directly transferred to the repurchase fund, establishing a direct link between trading volume and token demand. All three ETFs directly hold HYPE and transfer approximately 2.25% of the annualized staking yield to investors. Currently, about 45% of the eligible supply (approximately 434 million HYPE) has been staked. In terms of trading volume distribution, BHYP and THYP dominate, while the later-launched HYPG is still in the capital accumulation phase.