Yes

>>Bitwise’s addition of the Hyperliquid token to its balance sheet fuels a surge in HYPE.

Bitwise’s addition of the Hyperliquid token to its balance sheet fuels a surge in HYPE.

crypthub

7 days ago

Market Context

Bitcoin remains below $77,000 and Ethereum struggles under the $2,200 resistance. Meanwhile, HYPE, Hyperliquid’s native token, has outperformed the top‑10 crypto list, gaining over 4% in the past 24 hours and approaching the $50 psychological mark. The token’s rise contrasts sharply with the broader altcoin weakness, positioning HYPE as a market leader alongside Zcash.

Bitwise Commitment

Bitwise Asset Management announced it will hold HYPE on its balance sheet, allocating 10% of the BHYP ETF management fee for purchases. The Hyperliquid ETF (BHYP) debuted on the NYSE, offering indirect exposure to HYPE and its staking rewards. Bitwise’s model reinvests roughly 99% of blockchain revenue to buy back and burn HYPE, reinforcing the token’s bullish fundamentals.

Technical Outlook

HYPE’s 4‑hour chart shows bullish momentum, with the price only 19% shy of its all‑time high of $59.39. RSI at 66 and a positive MACD suggest buyers remain in control, potentially retesting the $49 swing high and breaking $50. If support at $44.18 fails, the next downside target could be $40.27, but current indicators favor continued upside.