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>>The Bitwise HYPE ETF is the world’s largest, and Hyperliquid may be the cycle’s top contender.

The Bitwise HYPE ETF is the world’s largest, and Hyperliquid may be the cycle’s top contender.

crypthub

about 12 hours ago

ETF Launch and Early Performance

Bitwise introduced the physically backed spot HYPE ETF (BHYP) on the NYSE, waiving the 0.34% sponsor fee on the first $500 million of AUM for month one. Within 48 hours the two U.S. HYPE ETFs saw a 50 % volume spike and $25.5 million net inflows, $8.8 million of which went to BHYP. Client purchases jumped to $35.9 million, an 18‑fold rise from the prior week, marking one of the biggest altcoin ETF debuts.

Hyperliquid Activity and Token Dynamics

Hyperliquid’s derivatives volume hit $2.9 trillion in 2025, a 400 % YoY increase, and the protocol captured 44 % of weekly blockchain fee revenue last week. Ninety‑seven percent of those fees are used to buy and burn $HYPE, creating a strong price‑support flywheel. The token has surged over 50 % in two weeks and now leads market performance.

Price Outlook and Buyback Mechanics

If eight‑figure monthly inflows persist, analysts expect HYPE to test $70‑$80, while moderate flows after the fee‑waiver could settle near $60. A slowdown below $5 million weekly could push the price under $55 and toward a $48 support level, where the Assistance Fund’s automated buybacks provide a floor. The fund has already purchased 28.5 million HYPE, spending $1.3 billion and delivering an annualized buyback rate of about 7 % of market cap.

Bitcoin Hyper Presale Highlights

Bitcoin Hyper ($HYPER) is in presale at $0.0136, raising $32.7 million to launch the first Bitcoin layer‑2 with a Solana VM, offering sub‑second finality and cheap smart contracts on Bitcoin’s security layer. Staking is live with a 36 % APY for early participants. The project aims to unlock the $1.8 trillion of idle Bitcoin capital through programmable functionality.