Wallets linked to a16z crypto accumulated $90.87M in HYPE since April 14, becoming the 6th-largest holder with 1.3M tokens staked.

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.