Targets that Bloomberg analysts focus on usually have more stories to tell later on.

Wu said that, according to Bloomberg ETF analyst Eric Balchunas, the trading volume of THYP and BHYP increased by approximately 50% again on the same day, with the total trading volume expected to approach 40 million USD. Balchunas stated that it is rare for the trading volume of these two ETFs to continue growing since their listing on May 12; usually, new ETFs see a surge in volume on the first day and then quickly cool down. Meanwhile, against the backdrop of declines in stocks, bonds, gold, Bitcoin, and the overall crypto market, HYPE has risen about 27% since the listing of THYP.