HYPE has surged around 200% over the last 12 months. Other asset managers including Grayscale, 21Shares, and VanEck are also eyeing HYPE-linked ETFs.
Bitwise Asset Management is entering the final stage of launching a US-listed exchange-traded fund tied to Hyperliquid, with its latest regulatory filing coinciding with sustained strength in the underlying token.
Grayscale made waves Tuesday. The crypto investment giant added HYPE, TON, and TRX to its second-quarter watchlist and filed paperwork for a spot HYPE exchange-traded fund with regulators.
Hyperliquid capital inflows have slowed down and could derail HYPE's April recovery
Bitwise updated its Hyperliquid ETF filing with a ticker and fee as competition grows for the first spot HYPE fund.
Bitwise has taken a major step toward launching a Hyperliquid ETF by confirming the ticker BHYP and a 0.67% fee, signaling the product is likely in its final stages before approval. If launched, the ETF could bring significant institutional capital into Hyperliquid and further boost demand for its native token HYPE.
Bitwise added the ticker $BHYP and a 0.67% management fee in its latest filing, signaling a potential launch soon, according to Bloomberg's senior ETF analyst.
Whale activity on Hyperliquid (HYPE) has intensified, with a new wallet deploying $5 million in USDC and already allocating nearly half into HYPE purchases. The token has reclaimed key moving averages, reinforcing a constructive technical setup.
The token of decentralized ecosystem Hyperliquid (HYPE) has set a new all-time high, not against the dollar, but in a pair against shares of the largest U.S. crypto exchange Coinbase, reaching 0.2514 HYPE per COIN share, according to the TradingView chart.
Hyperliquid's HYPE token is trading around $40.3 on April 10, 2026, up roughly 3.9% in 24 hours and about 10% week‑on‑week after rebounding from early April lows near $35.6.
The Hyperliquid price has surged notably by more than 5.5%, reaching $41.22, while the volume has decreased to some extent. Fundamental demand drivers, rather than mere speculation, appear to fuel this move. The Hyperliquid Assistance Fund acquired 45,000 HYPE for $1.8 million at an average of $39.
A whale deposited $5M USDC on Hyperliquid and deployed $2.39M into HYPE, signaling accumulation and potential upside as larger players add exposure.