As bitcoin dropped to its lowest price since 2024, investors flock to a new type of crypto investment linked to the hyperliquid platforms, HYPE ETFs.

Grayscale debuts the the lowest-cost HYPE ETP, giving investors access to Hyperliquid's growth, staking yield potential.

Money is moving from Bitcoin and Ether funds to crypto assets with a direct link to economic activity. The HYPE token, tied to the Hyperliquid exchange, is seeing record gains.…