HYPE extended its rally from above $50 to above 60 USDT on May 21 and later above $62, setting a new all-time high. Market data cited a 16.15% 24-hour gain during the move, while reporting linked the advance to accelerating ETF inflows, HYPE-focused ETFs reportedly outpacing Bitcoin products on an adjusted basis, and DeFi-native speculation. Although exact flow figures, fund names, exchanges beyond OKX, and issuer details were not provided, the combined reports point to strong investor demand around Hyperliquid and growing institutional participation through regulated investment vehicles.