HYPE reaches record $89.67 as related ETF assets hit $480.87 million

  • HYPE reached an all-time high of $89.67 as Bitwise’s BHYP resumed buying and institutional exposure to related ETFs broadened.
  • Combined net inflows into THYP, BHYP and HYPG reached $356.58 million through Sept. 4, with $480.87 million in net assets.
  • HYPE spot ETFs recorded $12.2734 million and SOL spot ETFs recorded $6.1751 million in net inflows during Aug. 31-Sept. 4.

Hyperliquid’s HYPE token reached an all-time high of $89.67, according to Coinbase market data, before trading around $88.21 on Sept. 7 at 8:21 EDT. It was up roughly 4.8% over 24 hours, with volume near $629 million, and had gained 7.7% over a week, 60.7% over 30 days and 175.9% over six months. The advance coincided with renewed buying by Bitwise’s Hyperliquid ETF, BHYP, which purchased $10.5171 million of HYPE during the Aug. 31-Sept. 4 U.S. trading week and about $166.3 million since launch. Combined net inflows into 21Shares’ THYP, BHYP and Grayscale’s HYPG reached $356.58 million through Sept. 4, while the three funds held $480.87 million in net assets. Second-quarter 13F filings showed exposure among Wealth High Governance, OLP Capital Management, UBS, Bank of Montreal, Jane Street and other institutions. During the same week, HYPE spot ETFs recorded $12.2734 million in net inflows and SOL spot ETFs recorded $6.1751 million.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.