HYPE ETFs Face 12-Day Drought as $30M Exodus Tests Hyperliquid Fund Durability

Woofun AI reports that Hyperliquid’s HYPE ETFs, comprising BHYP, THYP, and HYPG, have entered a prolonged liquidity pause characterized by a complete absence of new capital inflows.

The stagnation persisted across 12 trading sessions from July 17 through Aug. 3, 2026, resulting in $29.8 million in reported net outflows. This period was defined by nine negative sessions and three flat ones, indicating a sustained withdrawal rather than sporadic volatility.

Per Woofun AI, Farside’s data through Aug. 3, 2026, reveals a robust underlying position with $283 million in cumulative reported flows. Individual fund metrics show $106.3 million for BHYP, $50 million for THYP, and $126.9 million for HYPG, providing a substantial buffer against the recent exodus.

The narrative has shifted from early accumulation to a live durability test for these products. The next print will determine whether the drought is breaking or digging in deeper.