Hyperliquid price crosses $50 as HYPE ETFs outpace Bitcoin on adjusted inflows
CryptoSlate
Hyperliquid's HYPE token surpassed $50 as its new spot ETFs showed stronger demand than Bitcoin products on a market-cap-adjusted basis.Summary
Hyperliquid's HYPE token has crossed the $50 mark, driven by significant interest in its newly launched spot ETFs. Data suggests these funds are outperforming Bitcoin and Ethereum ETFs when adjusted for market capitalization, signaling strong institutional appetite for the platform. Hyperliquid is increasingly viewed as a financial 'super app' that facilitates trading across crypto, equities, and commodities. With a robust fee structure that links platform revenue to token buybacks, the asset is gaining traction as a high-growth infrastructure play, despite ongoing regulatory risks and its unavailability to US users.
(Source：CryptoSlate)