Bitwise’s $19M HYPE buy strengthens bull case, but ONE risk remains
The post Bitwise’s $19M HYPE buy strengthens bull case, but ONE risk remains appeared on BitcoinEthereumNews.com. Institutional interest in Hyperliquid from traditional investors continues to grow, with recent data showing that Spot U.S. HYPE exchange-traded funds [ETFs] have already accounted for 1.04% of the asset’s total market capitalization, currently valued at $15.63 billion. This compares favorably to Bitcoin and Ethereum ETF penetration at 0.59% and 0.41%, respectively. Despite broader market struggles, Hyperliquid [HYPE] continues to hold above $60, with traditional investor participation playing a central role in sustaining that level. Bitwise records a $19 million single-day HYPE purchase Bitwise has recorded its largest single-day spot HYPE ETF purchase, according to data from SoSo Value for the trading session on the 26th of May. The $19 million single-day purchase represented 93.15% of the total $20.45 million in HYPE ETF purchases recorded that day. Trading volume from t