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Bitwise's Hyperliquid ETF hits $40M AUM amid strong whale and institutional buying.

Market News
26 May 2026
Tokenpost
View Source
Bullish
pluang ai news

Bitwise's Hyperliquid ETF (BHYP) quickly reached $40 million in assets under management within eight trading days after launching on the NYSE, driven by strong demand from institutional investors and crypto whales. The ETF saw nearly $12 million in trading volume in its first 90 minutes and accumulated $30.5 million in AUM after five sessions. Whale traders and Bitwise's own purchases have fueled the rally, with HYPE token prices rising over 26% in the past week. Competition is heating up as other firms like 21Shares, Grayscale, and VanEck also launch or pursue Hyperliquid ETFs in the US and Europe.

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