The HYPE ETF has achieved a significant milestone, with cumulative net inflows surpassing $100 million, according to SoSoValue data reported on May 29. On May 28, the HYPE spot ETF recorded a net inflow of $1.718 million, bringing its total net asset value to $122 million. The Bitwise Hyperliquid ETF (BHYP) contributed $1.0178 million to this inflow, while the 21Shares Hyperliquid ETF (THYP) added $700,200. In contrast, the VanEck BNB ETF (VBNB), which debuted on Nasdaq on the same day, experienced no net inflows, despite a trading volume of $113,000 and a total net asset value of $995,000. The BNB ETF, which supports both cash and in-kind creation and redemption, has a management fee of 0.39%. The differing performances highlight the market's varied reception of these ETFs, with HYPE linked to on-chain derivatives trading and BNB associated with centralized exchange ecosystem assets.