Bitwise Asset Management launched the HYPE ETF on the NYSE on May 15, 2026, attracting $25.5 million in net inflows within two days, including $8.8 million from its own BHYP fund. The ETF features a 0.34% sponsor fee waived for the first $500 million in assets during the opening month, helping drive early investment. Hyperliquid, the underlying protocol, recorded $11 million in weekly blockchain fees, 97% of which are used to buy and burn HYPE tokens, creating a strong deflationary effect. The Assistance Fund has also spent over $1.3 billion buying 28.5 million HYPE tokens at a 7% annualized buyback rate, supporting the token price. Analysts see potential for HYPE to reach $70-$80 if inflows remain strong, but prices could stabilize or fall if inflows slow after the fee waiver ends. The ETF launch has significantly increased trading volume and token price, marking a key phase of price discovery for HYPE.
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 st...
The newly launched U.S Spot Hyperliquid (HYPE) ETF has recorded the strongest debut among spot crypto ETFs, attracting $95 million in net inflows within ten days, representing 1.04% of its market cap. This demand nearly doubles that of the spot BTC E...
Hyperliquid, a decentralized exchange focused on perpetual futures, generated nearly $800 million in revenue in 2025 without any venture capital backing. Despite being blocked in the U.S., the platform's HYPE token reached a $13 billion market cap, m...
Hyperliquid's token price surged to a new all-time high above $64, driven by strong inflows into its spot ETFs that absorbed over 1% of the token's market cap in just 10 days. The platform's recent HIP-4 upgrade introduced validator-settled predictio...
Hyperliquid's token price fell from a peak of $64 to below $60 after some large investors (whales) sold off their holdings, locking in profits. One whale sold 123,127 HYPE for $7.5 million, signaling caution about further price gains. Despite this, o...
