Hyperliquid (HYPE) Token Surges to Record $65 as ETF Assets Top $89 Million

Key Highlights

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HYPE reached an unprecedented all-time high of approximately $65 on May 26, 2026.
Bitwise’s BHYP exchange-traded fund has amassed $40 million in AUM within slightly more than one week.
Total ETF capital inflows for HYPE touched $89 million across a nine-day period, averaging approximately $9.2 million daily.
The platform introduced macro-focused prediction markets covering CPI data and Federal Reserve policy decisions.
Open interest on Hyperliquid surged to $8.5 billion, positioning it as the world’s third-largest derivatives exchange.

The HYPE token from Hyperliquid achieved a fresh all-time peak approaching $65 on May 26, propelled by robust institutional ETF appetite and the platform’s expansion into new prediction market offerings.

Hunter Horsley, CEO of Bitwise, revealed that the BHYP ETF recorded $12 million in trading volume within the first two hours of market activity that morning. The investment product has accumulated $40 million in total assets just over a week following its debut.

The Coin Bureau analyst account shared on X, emphasizing Bitwise’s aggressive accumulation strategy: “Bitwise bought another 162,367 $HYPE, worth about $10.1M, over the past 2 hours. Based on its official website, Bitwise already held 723,361 HYPE, worth around $40.4M, as of May 21, 2026.” This demonstrates the remarkable speed at which institutional investors have entered the market.

🔥BULLISH: BITWISE KEEPS BUYING HYPE
Bitwise bought another 162,367 $HYPE, worth about $10.1M, over the past 2 hours.
Based on its official website, Bitwise already held 723,361 HYPE, worth around $40.4M, as of May 21, 2026. pic.twitter.com/tTp4gzxTOY
— Coin Bureau (@coinbureau) May 26, 2026

The combined capital inflows spanning Bitwise’s BHYP and 21Shares’s THYP totaled $89 million over nine trading days — representing one of the most aggressive accumulation trajectories observed among cryptocurrency investment vehicles.

Grayscale is reportedly building a HYPE position as well, presumably in preparation for its own ETF offering. Market analyst Havoc estimated that Grayscale’s forthcoming GHYP product might contribute an additional $8 million to $12 million in daily capital flows, potentially acquiring between 8% and 33% of HYPE’s circulating tokens annually.

~$12,000,000 of volume traded on $BHYP in the first 90 minutes so far today.
Now $40,000,000 AUM, just over a week since launch.
Investors want exposure to Hyperliquid.
Grateful to those that choose to invest with Bitwise. https://t.co/It68WumlTd
— Hunter Horsley (@HHorsley) May 26, 2026

Institutional Buying Fuels Continued Rally

HYPE has sustained price discovery mode since exchange-traded fund trading commenced. The asset advanced from its previous breakout zone around $59.40, reaching $64.50 before extending gains further.

Assuming HYPE maintains support above the $59.40 threshold, Fibonacci-based upside projections identify potential resistance zones at $76, $89.50, and $101. Derivatives metrics revealed cumulative open interest nearing $2 billion, while funding rates hovered around 0.004%, suggesting optimistic trader sentiment.

Cryptocurrency analyst Byzantine General observed that Hyperliquid’s aggregate exchange open interest climbed to $8.5 billion, securing the platform’s position as the third-largest globally after Binance and Bybit. Its market share of open interest reached an all-time high of 7.2%.

Blockchain data indicated Hyperliquid received more than $1.1 billion in net capital inflows throughout the previous month.

Platform Expands with Macro Markets

Coinciding with HYPE’s record price achievement, Hyperliquid unveiled new macro-oriented prediction markets. The initial offerings focus on May’s year-over-year CPI figures and potential Federal Reserve interest rate adjustments at the upcoming June FOMC gathering.

The CPI-focused market registered $8,000 in trading activity and $48,000 in open interest. The Federal Reserve rate decision market recorded $600 in volume alongside $13,200 in open interest. Platform validators additionally greenlit a sports prediction market centered on the Champions League championship match.

These additions build upon the earlier HIP-4 market deployment, which features a Bitcoin daily price movement market that has generated $578,000 in trading volume and $180,000 in open interest.

Combined assets under management across HYPE ETF products reached $89 million as of May 26, 2026.