Hyperliquid ETF Volumes Rise 50% Due to Well-Timed Launches
Cointelegraph
Hyperliquid ETFs from Bitwise and 21Shares saw a 50% jump in trading volume, defying typical trends for new exchange-traded funds.Summary
US-based Hyperliquid (HYPE) ETFs from Bitwise and 21Shares have experienced a rare 50% surge in trading volume following their recent launches. Bloomberg analyst Eric Balchunas noted that while new ETFs often see high initial interest followed by a decline, these funds have successfully built momentum in their first week. This growth is attributed to the strong performance of the HYPE token, which has gained 120% this year, even as broader markets like Bitcoin have struggled. Bitwise has positioned the platform as a comprehensive 'super-app' rather than just an exchange, further driving investor interest.
(Source：Cointelegraph)