The Bitwise Hyperliquid ETF (BHYP) recorded its largest single-day inflow of about $19 million, with nearly all of the $22 million trading volume being buys. Launched less than two weeks ago, BHYP has quickly become the largest Hyperliquid ETF globally and absorbed 1.04% of Hyperliquid's market cap within its first 10 trading days, outperforming early Bitcoin, Ether, and Solana ETFs on a relative demand basis. This surge contrasts with net outflows from larger Bitcoin and Ether ETFs, highlighting growing investor interest in smaller, faster-growing crypto themes. Bitwise also aligns BHYP's fee structure with Hyperliquid's token model by using 10% of management fees to buy HYPE tokens, creating additional demand beyond ETF inflows.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
