Hyperliquid Physical ETF 'THYP' Sees Daily Trading Volume Grow to Approximately JPY 2.2 Billion

2026/05/21 14:53 (Updated 2026/05/21 18:00)
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Written by A.Yamada
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Hyperliquid Physical ETF 'THYP' Sees Daily Trading Volume Grow to Approximately JPY 2.2 Billion

Strong Initial Inflows into HYPE Physical ETF

The trading volume of the cryptocurrency Hyperliquid (HYPE) Physical ETF '21Shares Hyperliquid ETF: THYP' has reached eight times its initial volume on launch day. According to data presented by Bloomberg ETF analyst Eric Balchunas, the trading volume on its first day, May 12th in the US, was about $1.8 million, which surged to approximately $14 million (about JPY 2.2 billion) by May 19th.

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