Bitwise CIO Matt Hougan praised Hyperliquid's spot ETF (BHYP), which raised nearly $60 million since its NYSE debut, calling it the strongest single-asset crypto ETP launch since Bitcoin. He described Hyperliquid's HYPE token as a 'Gen 2' token due to its unique fee buyback model and emphasized that the platform is more a fintech application than a traditional crypto product. Hougan highlighted that non-crypto assets already make up half of Hyperliquid's trading volume and could grow to over 90%, positioning the platform to compete in the $600 trillion global asset market rather than just the $3 trillion crypto market. However, he acknowledged risks from competition and limited US investor access.
Trader Boomer had about $30.55 million in short positions on the Hyperliquid platform as of October 23. Among these, a position in HYPE valued at approximately $2.53 million was down by around $39,700. This HYPE position accounted for less than one-t...
Arthur Hayes, founder of BitMEX, expressed skepticism about the investment potential of Hyperliquid's HYPE token due to increasing competition among decentralized perpetual futures platforms. While he acknowledges strong demand for Hyperliquid's trad...
On October 23, Binance Coin (BNB) increased by 1.78% to $746.17, showing positive momentum in the digital asset market. Meanwhile, Ether (ETH) remained stable at $2,402.89 with no change over 24 hours, indicating a period of price consolidation. Hype...
In the latest 24-hour crypto fund flow data, Bitcoin (BTC) experienced a net outflow of $43.60 million, with $1.87 billion inflows and $1.92 billion outflows. Ethereum (ETH) led net inflows, attracting $77.08 million with $1.02 billion inflows agains...
On October 22, 2026, U.S. altcoin spot ETFs showed mixed net flows: XRP, HBAR, ZEC, and NEAR ETFs recorded inflows, while SOL and HYPE ETFs experienced outflows. XRP spot ETFs attracted $3.55 million, continuing a positive trend, while SOL ETFs saw $...
