Bitwise Asset Management announced it will use 10% of the management fees from its new Hyperliquid ETF (BHYP) to acquire HYPE tokens for its balance sheet and stake them to generate rewards. The ETF, which began trading on the New York Stock Exchange recently, offers investors indirect exposure to the HYPE token, which has doubled in price this year and now trades above $44. This move aligns with Hyperliquid's revenue model, where most revenue is used to buy back and burn HYPE tokens, potentially supporting the token's value. The ETF competes with similar products from 21Shares and Grayscale, reflecting growing interest in Hyperliquid-linked investment vehicles.
Bitwise announced it will allocate 10% of the management fees from its newly launched Hyperliquid ETF to purchase HYPE tokens, supporting the token's value. This move follows the ETF's strong debut, with $4.31 million in day-one trading volume, and h...
Two large investors (whales) bought 205,691 Hyperliquid (HYPE) tokens worth $9.57 million after the price dropped to $40. Their buying pushed the price up to $46, signaling strong demand and bullish momentum. However, some whales also took profits, i...
Hyperliquid's native token HYPE has surged nearly 70% this year, driven by strong demand for tokenized real-world assets and synthetic pre-IPO trading products like SPCX-USDC, a synthetic SpaceX contract. This growth contrasts with declines in major ...
Hyperliquid's price recovered above $45 after bouncing from a $38 support level, regaining a bullish chart pattern despite recent volatility caused by regulatory concerns from CME Group and ICE. Institutional interest grew as Bitwise and 21Shares lau...
Despite a broader crypto market sell-off dragging Bitcoin below $77,000, Hyperliquid's HYPE token surged over 5%, briefly surpassing its previous peak of $47. This rebound followed a sharp drop caused by lobbying efforts from rivals CME and ICE to re...
