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Hyperliquid ETF trading activity is gradually increasing, with daily trading volume reaching the tens of millions of dollars.

2026.05.20 21:09:55

May 20: The Hyperliquid ETF (ticker: THYP) — launched last Tuesday by crypto asset management firm 21Shares — has seen its trading volume steadily rise in recent sessions. Daily volumes now land in the tens of millions of dollars, roughly eight times the $1.8 million it recorded on its first day of trading. Tonight, HYPE is back above $50 for the first time in 240 days. The rally is being fueled by the on-chain IPO frenzy sparked by major AI giants, which is helping accelerate value discovery for Perp DEX platforms.
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