Hyperliquid's token price jumped 3% to $45.33 after Bitwise announced it will use 10% of management fees from its new Hyperliquid ETF to buy and hold HYPE tokens. This move supports Hyperliquid's model where protocol revenue is used to buy and burn tokens, reducing supply and potentially increasing value. The ETF, trading as BHYP on NYSE, has attracted significant investor interest with over $12 million in assets combined with 21Shares' fund. Large institutional investors, including Andreessen Horowitz, are accumulating HYPE, while the platform expands in real-world asset trading and stablecoin infrastructure. Technical analysis shows HYPE faces resistance near $46, with potential for a rally if it breaks this level. Regulatory scrutiny remains a factor but transparency is emphasized by Hyperliquid.
Bitwise Asset Management announced it will use 10% of the management fees from its new Hyperliquid ETF (BHYP) to acquire HYPE tokens for its balance sheet and stake them to generate rewards. The ETF, which began trading on the New York Stock Exchange...
Bitwise announced it will allocate 10% of the management fees from its newly launched Hyperliquid ETF to purchase HYPE tokens, supporting the token's value. This move follows the ETF's strong debut, with $4.31 million in day-one trading volume, and h...
Two large investors (whales) bought 205,691 Hyperliquid (HYPE) tokens worth $9.57 million after the price dropped to $40. Their buying pushed the price up to $46, signaling strong demand and bullish momentum. However, some whales also took profits, i...
Hyperliquid's native token HYPE has surged nearly 70% this year, driven by strong demand for tokenized real-world assets and synthetic pre-IPO trading products like SPCX-USDC, a synthetic SpaceX contract. This growth contrasts with declines in major ...
Hyperliquid's price recovered above $45 after bouncing from a $38 support level, regaining a bullish chart pattern despite recent volatility caused by regulatory concerns from CME Group and ICE. Institutional interest grew as Bitwise and 21Shares lau...
