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Hyperliquid ETFs hit 1.04% market cap share; Bitwise leads with $19M buy amid profit-taking.

Market News
27 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Hyperliquid's spot U.S. ETFs now represent 1.04% of its $15.63 billion market cap, surpassing Bitcoin and Ethereum ETF penetration. Bitwise made a record $19 million single-day purchase, accounting for over 93% of that day's ETF buys, highlighting strong institutional interest. Despite this, spot market profit-taking caused a net outflow of $6.45 million, likely a temporary pullback after recent price gains. Indicators suggest continued bullish momentum with room for more accumulation ahead, keeping Hyperliquid well-positioned for further growth.

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