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.
Bitwise has expanded its holdings in Hyperliquid's HYPE token by purchasing an additional $10.11 million worth of tokens, increasing its total stake to over $40 million. This move highlights continued institutional interest in selected altcoins despi...
Solana has become the dominant platform for trading foreign tokens, capturing nearly 40% of decentralized exchange (DEX) activity, surpassing Hyperliquid in spot trading volume. Its fast transaction speeds and low fees attract traders, especially for...
Hyperliquid has launched a new system where its 24 validators directly govern and settle prediction market contracts without relying on external oracles. This innovation removes dependencies on third-party data providers, reducing risks of manipulati...
In May 2026, Hyperliquid's token HYPE surged 55% due to three key events: a stablecoin deal (AQAv2) redirecting $80 million annual yield from Circle and Coinbase to HYPE holders, the launch of US spot ETFs by Bitwise and 21Shares, and the activation ...
Hyperliquid has expanded its HIP-4 market system to support prediction contracts based on offchain events like U.S. inflation and Federal Reserve decisions. Unlike competitors Polymarket and Kalshi, Hyperliquid uses validators to deploy and settle ma...
