HYPE tokens surged over 5% on Monday after Bitwise’s spot ETF debut on NYSE Arca offset regulatory pressure instigated by CME and ICE.

HYPE tokens surged over 5% on Monday after Bitwise’s spot ETF debut on NYSE Arca offset regulatory pressure instigated by CME and ICE.

Bitwise will hold HYPE from Hyperliquid ETF fees as HYPE funds pass $5.6M in inflows after 21Shares and BHYP launches.

Bitwise calls Hyperliquid’s HYPE token one of crypto’s most undervalued assets

The asset manager recently launched a HYPE-based exchange-traded fund and said it will use some of the fees generated to buy the token.

Crypto investors have underestimated Hyperliquid’s token, HYPE, valuing the platform as a crypto exchange instead of an all-encompassing finance app, says Bitwise’s Matt Hougan.

Hyperliquid's HYPE token has decoupled from Bitcoin with 101% YTD gains as the platform's revenue explodes across multiple sectors.

Newly launched Hyperliquid spot ETFs are attracting notable inflows in their first week of trading, outpacing bitcoin and ether ETFs.

Hyperliquid's HYPE token crossed $50 on Wednesday for the first time since September 2025, fueled in part by a high-profile call from Bitwise's chief investment officer.

U.S. spot HYPE ETFs saw $25.5 million in net inflows on Wednesday, marking their largest positive flows since launch.

Hyperliquid’s token is up while other assets are down, which analyst Eric Balchunas says has led to a rare trading boom in newly launched HYPE-related ETFs.

Hyperliquid’s HYPE logged double-digit gains on the day, as ETF demand outpaced the token's supply reduction mechanism.