Bitwise's HYPE ETF clients bought more than $5 million worth of Hyperliquid's HYPE over the past week, while the firm has continued to accumulate the token without selling any since last month, according to Arkham. Since the start of August, Bitwise has only made HYPE purchases, the blockchain analytics platform said. Bitwise previously launched an investment product tied to Hyperliquid to give institutional investors exposure to HYPE.