The ETF generated $900 million in trading volume in one month. HYPE’s staking narrative has indeed caught the attention of institutions. While the 2.25% annualized figure isn’t high, the advantage is that it’s steady.

The first batch of spot HYPE ETFs has been listed for about a month, with total trading volume approaching $900 million and total net inflow of approximately $153 million. Currently, there are three products in the market: 21Shares' THYP, Bitwise's BHYP, and Grayscale's HYPG, all of which directly hold HYPE and distribute staking rewards to investors. Data shows that the current annualized staking yield for HYPE is about 2.25%, with approximately 434 million HYPE tokens staked, accounting for about 45% of the available staking supply. Among them, BHYP and THYP contribute most of the trading volume, while the more recently listed HYPG is still in the capital accumulation stage. (The Block)