Whales Go 10x Long on Hyperliquid as Wall Street Jumps on HYPE ETF
BeInCrypto
Bitwise's Hyperliquid ETF reaches $40 million in assets while whales open high-leverage long positions amid growing institutional demand for HYPE.Summary
Bitwise's spot Hyperliquid ETF (BHYP) has rapidly reached $40 million in assets following its NYSE debut, driven by an 18-fold increase in client inflows. As institutional interest climbs, large-scale traders are also intensifying their activity, with recent reports highlighting a whale opening a 10x leveraged long position worth $9.1 million. The market momentum is further supported by competitive filings from firms like 21Shares, Grayscale, and VanEck, while Bitwise differentiates its offering through native staking and a buyback mechanism.
(Source：BeInCrypto)