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.
Hyperliquid, a decentralized derivatives protocol, has generated over $1.4 billion in cumulative revenue, with $1.26 billion used to buy back its native token, HYPE. This strong buyback activity supports HYPE's market price and reflects robust demand...
A HYPE wallet that was inactive for nearly two years recently transferred large batches of its tokens to a centralized exchange. The wallet had accumulated 257,928 HYPE tokens at prices between $3.39 and $3.72, originally costing about $902,000. Thes...
Crypto markets experienced a deeper correction on October 9, with Zcash and Ether showing significant downside risks. Zcash traded around $1,190, close to a critical support level of $1,180, while Ether hovered near $2,525, just above its main suppor...
A HYPE whale has made over $23 million in profit from an initial investment of about $902,000 made roughly two years ago. The whale purchased 257,928 HYPE tokens at around $3.50 each and recently deposited 131,421 HYPE tokens to Kraken, valued at app...
The HYPE token, after rallying above $95, shows signs of a potential decline of up to 17% toward $72 due to weakening momentum and bearish technical patterns. The price has fallen below key moving averages and the relative strength index indicates in...
