The first US exchange-traded products for the HYPE token recorded robust opening-day trading this month, outpacing earlier 2026 altcoin ETF launches. Bitwise and 21Shares introduced the funds on major exchanges with combined debut volume near 6.1 million dollars.
Bitwise's BHYP fund began trading on the NYSE on May 15 and generated 4.31 million dollars in volume that day. This marked the largest single opening among 2026 spot altcoin ETFs to date and exceeded prior records set by funds tracking Chainlink and Avalanche tokens. 21Shares had launched its THYP product on Nasdaq three days earlier on May 12, adding 1.8 million dollars in first-day volume for a combined total of 6.11 million dollars across both products.
