SPCX jumped 20%+ in after hours trading last night with all eyes on its Hyperliquid perp, leading to a 12% spike in HYPE.

SPCX jumped 20%+ in after hours trading last night with all eyes on its Hyperliquid perp, leading to a 12% spike in HYPE.

U.S. spot Bitcoin ETFs have shed nearly $5.6 billion since Hyperliquid ETFs launched, highlighting market divergence.