Hyperliquid (HYPE) token showed strength, rising to $58.97 during the day due to increased ETF inflows. Currently, HYPE is trading around $57, up more than 15% on the day. According to Decrypt, the market is focusing on the fact that the recently launched HYPE ETF recorded a net purchase of $25.5 million in one day. This significantly exceeds the scale of HYPE buybacks and burns, strengthening the effect of supply reduction, according to analysis. Furthermore, Bitwise expressed strong support for Hyperliquid, stating that it would use 10% of its ETF management fees for HYPE holdings. Analysis suggests that the market is also reflecting expectations that Hyperliquid is expanding beyond a simple derivatives exchange to an on-chain financial infrastructure.
