A total accumulation of 137 million so far, with 3.14 million on a single day may not sound like much—but it’s all BHYP inflow entering the market. Are institutions quietly building positions, or are retail traders chasing the trend? Let’s dig into the details of this data.

According to SoSoValue, yesterday HYPE spot ETF had a net inflow of $3.15M in a single day, with BHYP contributing all the net inflow, and the total net inflow in history reaching $82.96M. As of the time of writing, the total net asset value of HYPE spot ETF is $180 million, with a net asset ratio of 1.16%, and the cumulative net inflow in history is $137 million.