The Hyperliquid (HYPE) spot ETF complex took in a net $4.96 million during the October 1 trading session, as the balance of subscriptions against redemptions swung back into positive territory after a single day of net outflow.

The composition of the ledger was one-sided: Grayscale's HYPG fund supplied the entire net inflow, according to figures reported by COINOTAG. With a single vehicle accounting for the whole figure, the session's positive reading is attributable entirely to one fund in the lineup rather than broad participation across the complex.

Net flows — the difference between the money investors subscribe into a fund and the money redeemed out of it — serve as a daily gauge of demand across an ETF lineup. A positive reading means new capital entering the products exceeded withdrawals during the session. Because the figure is an aggregate, funds within the same complex can post inflows and outflows that offset one another in the headline number, which is why the sponsor-level breakdown shows where a session's net reading originated. Read day by day across subsequent sessions, the figures accumulate into a running record of how subscriptions and redemptions balance out.

Background on the vehicles and the underlying asset:

• Hyperliquid (HYPE): Hyperliquid is a decentralized derivatives exchange that operates on its own layer-1 blockchain; HYPE is the network's native token.
• Grayscale HYPG: Grayscale is one of the largest digital asset management firms, and HYPG is its fund offering exposure to HYPE within the spot ETF complex.
• Spot ETFs: Exchange-traded funds that hold the underlying asset directly, giving investors exposure through standard brokerage accounts without directly handling the token.

The figures cover the October 1, 2026 session.

This content was first published on COINOTAG: https://en.coinotag.com/hyperliquid-hype-etf-4-96m-net-inflow-grayscale-hypg