Bitwise BHYP Launch Sparks Fresh Rally in HYPE Token
Share:
In crypto markets, Bitwise’s BHYP spot ETF launched on May 15 on the NYSE and sparked a rally in Hyperliquid’s HYPE token, which climbed near $47 before trading around $43.75 and extended a recovery from January lows near $22. Coinbase’s USDC partnership and expected revenue upside bolster Hyperliquid’s DeFi/DEX adoption and token fundamentals, though analysts warn profit-taking risk could pressure near-term performance.
Predictions Markets
See what traders are focused on
- Bitwise’s BHYP launch pushed HYPE higher as institutional interest in Hyperliquid accelerated.
- Coinbase’s USDC partnership strengthened Hyperliquid’s ecosystem and boosted revenue expectations.
- Analysts warned HYPE could face profit-taking pressure despite strong ETF-driven momentum.
Hyperliquid’s HYPE token jumped this week after Bitwise launched its spot Hyperliquid ETF, BHYP, on the NYSE on May 15. The launch marked one of the first U.S.-listed spot investment products tied directly to HYPE. HYPE briefly climbed near $47 before trading around $43.75, according to CoinMarketCap data.
The move extended HYPE’s recovery from January lows near $22 as interest in decentralized perpetual trading platforms continued growing. In a post on X, Bitwise said BHYP offers direct exposure to spot HYPE and uses in-house staking instead of third-party providers. The com…
Read The Full Article Bitwise BHYP Launch Sparks Fresh Rally in HYPE Token On Coin Edition.
In This News
Coins
$ 0.99981
+0.01%
$ 0.99950
+0.04%
$ 66.55
-2.97%
$ 0.9939
Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 0.99981
+0.01%$ 0.99950
+0.04%$ 66.55
-2.97%$ 0.9939
Predictions Markets
See what traders are focused on
Share:
Read More
Bitcoin Price Holds Above $64K, Pi Network’s PI Token Digs New Lows: Weekend Watch
