- Hyperliquid is becoming more expensive, which has a positive effect on ETF, linked to this token.
- On May 20, the trading volume of spot HYPE-ETF increased immediately by 50% to $25,46 million.
On Wednesday, May 20, trading volume in US spot HYPE-ETF jumped 50% to $25,46 million, surprising market participants and crypto analysts.
Such growth in trading ETF very rare, and usually many of them show a rapid growth [on the first day], which is followed by a decline or oblivion for several months until [people] pay attention to them. Rarely does the growth continue throughout the first week, – wrote Bloomberg analyst ETF Eric Balchunas.
On According to SoSoValue, two hyperliquid funds from Bitwise and 21Shares, have raised a total of nearly $41 million since launching in early May.
This year traders are actively investing in token Hyperliquid, and some analysts consider it the new hot cryptocurrency, as HYPE has captured a significant share of the cryptocurrency perpetual futures market. This is confirmed by data According to CoinGecko, the asset has grown by 120% since the beginning of January, and by 18,5% over the past 24 hours to $56.
Previously edited Happy Coin News Reported, which Matt Hougan of Bitwise called token HYPE is the most undervalued cryptocurrency today. He explained his opinion by saying that the market perceives Hyperliquid solely as a perpetual crypto futures exchange, not as a “global super app.”
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