Hyperliquid ETFs Surge Amidst Broader Market Cooling
- Cumulative HYPE ETF inflows reached nearly $172 million within a month, with Bitwise’s BHYP leading at $106.6 million.
- Hyperliquid’s HIP-3 saw SpaceX’s SPCX perpetuals attract $1.4 billion in volume in a single session.
- Institutional buyers are treating HYPE like high-growth tech equity, focusing on protocol revenue over non-yielding assets.
- HYPE token surged over 73% in the past month and achieved an all-time high of $75.96.
- Bitcoin ETFs shed almost $5.6 billion while Hyperliquid ETFs gained traction, reflecting institutional interest in fee-generating protocols.
