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Bitwise HYPE ETF Hits $40M as Whale Opens 10x Long

2026-05-26 19:50:53

Bitwise’s spot Hyperliquid ETF reached about $40 million in assets within eight trading days of its NYSE debut. Bitwise CEO Hunter Horsley said about $12 million of BHYP traded in the first 90 minutes of Tuesday’s session. Arkham reported that Bitwise ETF clients bought $35.9 million of HYPE during the prior week. Lookonchain identified a whale opening a 10x long on 142,754 HYPE worth about $9.1 million notional.

HYPE-2.62%

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