Bitcoin Falls as Hyperliquid ETFs Attract Fresh Inflows

Hyperliquidlinked exchangetraded funds are drawing strong early demand even as bitcoin and ether prices fall, according to a CNBC report published on June 6, 2026. Bitwise and 21shares launched spot ETFs tied to HYPE, the token associated with the Hyperliquid blockchain, in May. The funds have attracted nearly $150 million in assets, while Grayscale also introduced a Hyperliquid staking ETF this week. Fund managers and ETF specialists said investors are responding to Hyperliquid’s feedriven token model, which uses most platform trading fees to buy back HYPE. They also said the ETFs give traditional investors a simpler way to gain exposure to a decentralized crypto platform without using wallets or decentralized exchanges. The article notes that Hyperliquid remains little known to many investors and is not available to users in the U.S. for now. Analysts cited competition, regulatory uncertainty, and other risks, while saying the ETFs may help broaden awareness of the platform over time.