Grayscale Investments filed Amendment No. 2 to its Form S-1 registration statement with the United States Securities and Exchange Commission on May 11, 2026, to formally advance its proposed Hyperliquid ETF.
Exchange supply increased by 123% hinting at a potential spike in selling pressure.
21Shares is set to launch its spot Hyperliquid ETF, trading under the ticker THYP, on Nasdaq on May 12, offering investors regulated exposure to Hyperliquids native HYPE token through traditional brokerage accounts. The new crypto ETF is designed as a grantor trust rather than a 1940 Act fund, allowing the issuer to stake HYPE tokens while still providing passive price exposure to investors.
Hyperliquid (HYPE) continues to show stronger market structure compared to many altcoins, but its latest attempt to push toward the $50 level has clearly weakened. After recovering sharply from its early 2025 lows, HYPE managed to reclaim key moving averages and briefly convinced traders that another explosive rally was forming.
Perp trading and buybacks drive Hyperliquid dominance amid shift to cash flow-based valuation
Hyperliquid's fee-driven buyback model removes $2 billion worth of HYPE from circulation permanently.
The Hyperliquid Policy Center (HPC) praised Securities and Exchange Commission (SEC) Chair Paul Atkins on Friday for what it described as an ambitious effort to improve clarity for on-chain markets. SEC's On-Chain Guidance Agenda Atkins' remarks centered on four key areas where he said the Commission should provide more guidance on how regulatory principles translate into the context of on-chain activity.
Hyperliquid whales are pushing for a sell-off, but retail demand continues to absorb the pressure.
Shares of Hyperliquid Strategies Inc. (PURR) declined following the company's recent regulatory filing that revealed expanded losses, climbing staking yields, and an enlarged HYPE token position. PURR concluded regular trading at $6.55, representing a 5.35% decrease, following substantial selling activity throughout the session.
Decentralized exchange Hyperliquid delivered $215 million in gross revenue during Q1 2026 — crypto's worst quarter since the 2018 ICO crash — outperformed Bitcoin by 71.5 percentage points, and on one February night, became the de facto global price discovery venue for crude oil while every legacy commodity exchange was closed.
Hyperliquid Strategies reports a $165M net loss as HYPE holdings rise to 20M tokens and staking revenue grows.
On Thursday, the Hyperliquid Research Collective (HRC) released the first-quarter (Q1) blockchain report on Hyperliquid (HYPE). The report highlights strong progress in several core areas, as well as weaker performance in others.