Hyperliquid ETF flows

Collected daily from each issuer's own published holdings file:

• Bitwise (BHYP): publishes only the current day, so its daily record here starts on 23 October 2026.
• 21Shares (THYP): publishes every day since launch.

Not collected daily: Grayscale Hyperliquid Staking ETF (HYPG). Their issuers' sites refuse automated reads and we do not work around that; their holdings appear above from their quarterly SEC filings where we have them, and they are not in the daily totals or flows.

The funds publish after the US market closes at 4 p.m. New York time, each at its own time, many the next morning. We read every issuer that has not yet published the latest trading day every 5 minutes, so a new file is here within about 5 minutes of its publication; a day is complete once every fund collected daily has published it. Issuers' files last checked 26 Oct 2026, 16:52 UTC.

A fund's HYPE on a day is the figure its issuer's own file states for that day (for THYP, which state no coin count in their daily history, the fund's net assets divided by the HYPE price it used for that day, both from the same file: the coins backing the shares, net of accrued fees and other payables). Its flow is the change from the previous US trading day. A day's total and net flow are shown only when every fund collected daily has published it; a fund collected from a later day joins without a flow, so the totals step up on that day without counting a flow. Nothing is filled in, carried forward or estimated.

Every file is checked before use: coins against shares times coins per share, NAV times shares against net assets, and net assets divided by the price against the coins, wherever the file states them, each within 0.05% plus the rounding of the stated digits; a day whose figures disagree is left out. At each quarter end the daily figures are compared with the funds' own 10-Q and 10-K filings, wherever a filing states the coins in a form we can read and the daily series covers the quarter end: 1 of 1 fund quarters agree within 0.05%, the largest difference 0.006%. The funds collected from October 2026 have their first quarter end here on 31 December 2026.

Funds that stake (BHYP and THYP) count their staked HYPE in their holdings: rewards a fund keeps add to its holdings without a creation, and a fund that pays its rewards out in cash sells HYPE to do so, which shows here as an outflow.

US dollar values are the coins times our own HYPE/USD close for that UTC day (our exchange index), so they can differ slightly from figures based on each fund's NAV.