Bitwise allocation adds institutional weight to HYPE's strengthening scarcity and buyback-driven supply shock setup.
Bitcoin fell below $77,000 after repeated failures near $82,000, reaching $76,500 for the first time in roughly three weeks. BTC's market capitalization stood near $1.540 trillion, while dominance over altcoins remained above 58% despite weaker absolute price action.
The cryptocurrency market has been in relative stasis in 2026, following a substantial retreat from the late 2025 highs, but also a stabilization well above the lows recorded during the last ‘crypto winter.'
Hyperliquid price rose 24% in six days as HYPE neared its ATH, helped by the CLARITY Act, USDC growth, Bitwise and SPCX.
The native cryptocurrency of Hyperliquid, HYPE, has emerged as a standout performer in the digital asset market over recent weeks. A confluence of blockchain analytics, institutional activity, and a groundbreaking stablecoin partnership has thrust the token into the market's focus.
Wall Street investors add three new vehicles for HYPE token exposure in the spring of 2026. Bitwise and 21Shares launch BHYP, THYP, and TXXH, three exchange-traded funds that carry Hyperliquid's promise into a standard brokerage account. Each product adopts a different legal wrapper, a distinct yield mechanism, and its own risk profile.
HYPE has been one of the most compelling stories in crypto since its launch in November 2024. While the broader market has faced sustained selling pressure and most assets have struggled to hold meaningful levels, Hyperliquid's native token has demonstrated a resilience that has drawn attention from participants well beyond the DeFi ecosystem that originally embraced it.
Hyperliquids native token HYPE continues to stand out as one of the strongest performers in the crypto market despite rising volatility affecting Bitcoin, Ethereum, XRP, and major altcoins. While many digital assets are losing momentum, HYPE remains in a solid uptrend supported by higher lows, fast recoveries after pullbacks, and strong buying pressure.
Bitwise will devote 10% of its HYPE ETF management fee to buying HYPE on its balance sheet.
Hyperliquid price rises after Bitwise said 10% of BHYP management fees will be used to hold HYPE on its balance sheet.
Bitwise will use 10% of BHYP ETF management fees to buy and stake HYPE tokens on its balance sheet.
Bitcoin fell to a three-week low below $77,000 after posting consecutive losses since the weekend. The total cryptocurrency market capitalization decreased to $2.63 trillion, losing $50 billion in recent hours. The HYPE and ZEC tokens are trading in positive territory, with the former crossing the $45 threshold despite widespread declines.