Bitwise’s Hyperliquid ETF topped $30M in assets after launch as HYPE fund inflows rose and Grayscale pursued its own ETF.

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.

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