Bitwise and 21Shares ETF Clients Purchased $68M in HYPE Last Week

Clients of Bitwise and 21Shares exchange-traded funds purchased approximately $68 million worth of Hyperliquid (HYPE) over the past week, as institutional demand aligned with a strong rally in the token’s price.

During the same period, HYPE surged more than 25%, briefly setting a new all-time high of $64.27 on May 24 before easing back. The token has since retreated around 7%, and is currently trading near $59.58.

Source: Arkham