The native HYPE token of the decentralized exchange Hyperliquid has shown a growth of over 23 percent in the last 24 hours, approaching the 47 USD level on Friday. This figure marks the highest result recorded since October 2025. This is reported by Cointelegraph.com reports .
The main reason for the sharp price increase is seen as the emergence of Hyperliquid exchange-traded products (ETFs) on US exchanges. On Friday, Bitwise launched its spot Hyperliquid ETF on the NYSE under the ticker BHYP.
This fund allows investors to make regulated investments in HYPE assets. Additionally, 21Shares also introduced its own ETF product named THYP on the Nasdaq exchange on Tuesday.
Furthermore, according to Lookonchain data, wallets associated with the venture fund a16z purchased 67.5 million USD worth of HYPE tokens during the month leading up to the ETF launch. This situation indicates growing interest from institutional investors in the project.
The sustained growth of the HYPE price in the coming months will depend on the real capital flow entering the ETF funds. According to SoSoValue data, as of Friday, these funds are managing 3.17 million USD in assets.
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