Bitwise Boosts Hyperliquid Portfolio as HYPE ETF Inflow Returns, What Next for Price

Key Insights:

• Bitwise Adds HYPE: Bitwise ETF clients bought more than $5 million in Hyperliquid crypto over the past week.
• ETF Inflows return as HYPE ETFs recorded fresh inflows in recent sessions, lifting total net inflows to $283.56 million.
• Revenue slowed as Hyperliquid revenue fell from $70.92 million in June to $47.58 million in July.

Hyperliquid crypto is drawing fresh attention after Bitwise clients bought more than $5 million worth of HYPE in one week, while ETF data shows renewed inflows after several days of mixed activity. The buying comes as Hyperliquid revenue remains strong, but recent monthly figures do raise questions.

Bitwise Buying Puts Hyperliquid Crypto Back In Focus

Bitwise has not sold any HYPE since last month and has only bought the token in August, according to Arkham data shared on X. Its ETF clients bought more than $5 million of HYPE over the past week. That buying matters because ETF flows can bring new demand without relying only on existing traders in the spot market.

The move also comes as HYPE trades around $54.52 according to SoSoValue data. Bitwise held about $109.52 million in HYPE ETF net assets on August 11, while the total net assets across the listed HYPE spot ETFs stood at $259.19 million.