HYPE ETFs See $29.8M Exit Over 12 Sessions as Inflows Stall

Hyperliquid-linked HYPE exchange-traded funds saw no new money for 12 consecutive trading sessions from July 17 through Aug. 3, 2026, posting reported net outflows of $29.8 million, according to Farside Investors. The stretch included nine down-flow days and three flat sessions. Farside's data show Bitwise's BHYP accounted for the bulk of withdrawals at $22.5 million, compared with $5.3 million for 21Shares' THYP and $2 million for Grayscale's HYPG. On Aug. 3, 2026, Farside recorded an additional $1 million HYPG outflow, while BHYP and THYP were flat. Despite the recent drought, cumulative reported flows remain positive. Farside's table through Aug. 3, 2026 put total net reported flows for the HYPE ETF group at about $283 million, including $106.3 million for BHYP, $50 million for THYP and $126.9 million for HYPG. The reversal follows a rapid early ramp. CryptoSlate's May 17, 2026 coverage questioned whether early trading activity would translate into durable allocations. By June 14, 2026, the products had attracted $161 million in their first month. By July 30, 2026, nearly $27 million had already exited, alongside weakness in the underlying token. After CryptoSlate's Aug. 3, 2026 market update, HYPE was trading at $53.94, down 4.53% over the prior seven days and 22.82% over 30 days. HYPE ETF asset values can move with the token independent of share creations and redemptions. Issuer disclosures underscore how assets under management (AUM) can diverge from cumulative flow totals over time as prices, staking rewards, fees and distributions change balances. Bitwise reported BHYP AUM of $92.36 million and 3.03 million shares as of Aug. 2, 2026, with 70% of assets staked. 21Shares reported THYP AUM of $50.95 million and 1.67 million shares as of July 31, 2026; its prospectus cites an intended staking range of 30% to 70%. Grayscale reported HYPG AUM of $109.35 million, 5.67 million shares and 94.31% of assets staked as of Aug. 3, 2026. Daily flow tables track dollars, not investor identities. Farside's page does not disclose end-investor information or a full methodology. Prospectus details for THYP and HYPG add another layer: authorized participants can create and redeem shares to keep market prices close to net asset value, activity that can influence daily flow prints. The HYPE ETF narrative has shifted from early accumulation to a durability test. The next flow report will indicate whether the inflow drought is ending or extending.