Key Highlights
- HYPE has surged more than 3% during Tuesday’s session, closing in on the $70 level following six consecutive sessions of upward movement.
- ETF products tracking HYPE received $17.19 million in institutional capital on Monday, marking the strongest daily inflow since May 29.
- Assets under management in HYPE ETFs jumped to $209.26 million, a significant increase from Friday’s $173.09 million level.
- Trading volume across three HYPE ETF products has nearly reached $900 million since their market debut.
- Primary resistance level remains at $75.76, the all-time high established on June 1.
Hyperliquid (HYPE) has sustained its upward trajectory for six consecutive trading sessions, hovering around $70 on Tuesday with gains exceeding 3%.
This sustained rally coincides with a notable surge in institutional participation, as recent figures reveal $17.19 million entered HYPE-focused exchange-traded funds on Monday. This represents the most substantial single-day capital injection since May 29.
Assets under management across HYPE ETF vehicles climbed to $209.26 million on Monday, representing a significant jump from the $173.09 million recorded the previous Friday. This substantial increase demonstrates that institutional investors are actively expanding their positions.
Currently, three regulated investment vehicles provide traditional brokerage access to HYPE exposure: 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG. Collectively, these ETF products have generated nearly $900 million in cumulative trading volume since their launch approximately one month ago, with net capital inflows totaling $153 million.
Blockchain analytics platform Lookonchain reported that Bitwise executed a purchase of 77,097 HYPE tokens valued at roughly $5.18 million via FalconX in recent trading. This acquisition reinforces the broader pattern of ongoing institutional accumulation.
Fund Mechanics and Yield Generation
Each of the three ETF products maintains direct holdings in HYPE and distributes staking yields to shareholders. The present staking reward rate stands at approximately 2.25% on an annualized basis, with rewards accumulated every minute, paid out daily, and reinvested automatically. Currently, about 45% of the available supply is locked in staking protocols, representing roughly 434 million HYPE tokens.
Trading activity has varied significantly among the three products. BHYP and THYP have captured the majority of transaction volume, while HYPG, being the most recently launched option, continues developing its trading base.
Approximately 97% of trading fees generated on the Hyperliquid platform flow into the Assistance Fund, which operates an automated token buyback program. This mechanism establishes a direct connection between platform trading activity and token demand pressure.
Hyperliquid’s HIP-3 protocol has now accumulated $3 billion in Real-World Asset (RWA) Open Interest. Since its October 2025 launch, HIP-3 has established a new Open Interest milestone every month.
HYPE experienced a temporary decline earlier this month following crypto investor Arthur Hayes’ position exit, which temporarily coincided with reduced institutional activity. However, that downturn proved to be brief.
Chart Analysis and Critical Price Zones
From a technical perspective, HYPE is currently positioned well above its 50-day, 100-day, and 200-day Exponential Moving Averages, which range between approximately $42.80 and $55.70.
The token rebounded from the $53.00 area last week near its 50-day EMA, creating a sharp V-shaped recovery pattern. The Relative Strength Index registers near 60 on the daily timeframe, indicating constructive momentum without reaching overbought territory. The MACD indicator is approaching a bullish crossover above its signal line.
The initial resistance barrier stands at the June 1 all-time peak of $75.76. Beyond that threshold, Fibonacci extension analysis identifies potential targets at $83.63 and $94.83. For downside scenarios, the 50% retracement level at $63.17 represents the nearest support zone, with the 50-day EMA at $55.69 providing secondary support.
Bitwise’s most recent acquisition of 77,097 HYPE tokens for $5.18 million was documented within the past hour, as reported by Lookonchain.
