Block Scholes Research

Block Scholes Research

Hyperliquid ETFs Post Their Strongest Day of Inflows Since Launch

Risk sentiment improved on signs of a potential US-Iran deal, with BTC rising from $76K to $78K and ETH nearing $2,150, while the S&P 500 and Nasdaq-100 gained 1.08% and 1.66%, respectively.

Thahbib Rahman's avatar
Catherine (Block Scholes)'s avatar
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Andrew Melville's avatar
Thahbib Rahman, Catherine (Block Scholes), Tazmina, and Andrew Melville
May 21, 2026
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Block Scholes is an FCA-regulated institutional crypto derivatives analytics platform. Live data, IV surfaces, and backtesting available via blockscholes.com.

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In Today’s Note

  • BTC moved higher on peace-deal optimism, rising from $76K to $78K, while ETH traded close to $2,150 and US equities closed higher.

  • Oil prices and Treasury yields eased, as signs of progress in US–Iran talks helped reduce some of the pressure from energy-driven inflation concerns.

  • Hyperliquid ETFs saw their strongest inflow day so far, while IG Europe partnered with Bitpanda, the SEC reviewed novel ETF proposals, and the Fed opened consultation on direct payment account access for eligible financial institutions.

Market Snapshot: Overnight Moves

Macro & Markets

  • Signs that a US-Iran peace deal could be in its ninth inning helped lift risk sentiment while driving a slide in oil prices.

  • BTC moved higher from $76K to $78K, though failed to hold above $78K for long, while ETH jumped close to $2,150.

  • US equities ended the mid-week session higher with the S&P 500 index closing up 1.08% and the Nasdaq-100 index finishing 1.66% higher.

  • The selloff in US treasuries eased across the curve also on optimism that a deal between the two sides would ease the rise in global energy prices that has pushed inflation fears.

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