Hyperliquid (HYPE) Surges to Record $65 as ETF Assets Top $89 Million

Key Highlights

• HYPE reached an unprecedented peak of approximately $65 on May 26, 2026.
• Bitwise’s BHYP exchange-traded fund accumulated $40 million in assets in slightly more than one week.
• Total ETF capital inflows for HYPE touched $89 million across nine days, averaging approximately $9.2 million daily.
• The platform introduced macro-focused prediction markets covering CPI data and Federal Reserve rate decisions.
• Open interest on Hyperliquid surged to $8.5 billion, positioning it as the world’s third-largest derivatives trading platform.

Hyperliquid’s native HYPE token established a fresh record high approaching $65 on May 26, propelled by robust institutional demand through exchange-traded funds and the platform’s debut of prediction market functionality.

Bitwise’s Chief Executive Officer Hunter Horsley revealed that the BHYP ETF processed $12 million in trading activity within the first two hours of market operations on that date. The investment vehicle now manages $40 million in total assets just over a week following its market debut.

An analyst account from Coin Bureau shared insights on X regarding Bitwise’s aggressive accumulation strategy: “Bitwise bought another 162,367 $HYPE, worth about $10.1M, over the past 2 hours. Based on its official website, Bitwise already held 723,361 HYPE, worth around $40.4M, as of May 21, 2026.” The data illustrates the remarkable speed at which institutional capital has entered this digital asset.

Total capital flows into both Bitwise’s BHYP and 21Shares’s THYP products reached $89 million within a nine-day period — representing one of the most rapid ETF accumulation trajectories observed across cryptocurrency investment vehicles.

Grayscale appears to be building a HYPE position as well, presumably in preparation for its own ETF product launch. Market analyst Havoc forecasted that the forthcoming Grayscale GHYP offering might contribute an additional $8 million to $12 million in daily capital flows, potentially purchasing between 8% and 33% of HYPE’s available supply annually.

Institutional Demand Fuels Continued Rally

HYPE has maintained ongoing price discovery mode since ETF products commenced trading. The digital asset advanced from its previous breakout zone around $59.40 and touched $64.50 before continuing its ascent.

Assuming HYPE maintains support above the $59.40 level, Fibonacci extension analysis suggests potential resistance zones at $76, $89.50, and $101. Derivatives market data revealed combined open interest nearing $2 billion, with funding rates hovering around 0.004%, signaling bullish market positioning.

Cryptocurrency analyst Byzantine General observed that Hyperliquid’s cumulative exchange open interest climbed to $8.5 billion, securing the third position globally after Binance and Bybit. The platform’s market share for open interest achieved 7.2%, establishing a new milestone.

Blockchain data indicated Hyperliquid received more than $1.1 billion in net capital inflows throughout the preceding month.

Platform Debuts Macro Prediction Markets

Coinciding with HYPE’s record price achievement, Hyperliquid unveiled new macroeconomic prediction markets. The initial two offerings concentrate on year-over-year May Consumer Price Index figures and potential Federal Reserve funds rate adjustments at the upcoming June Federal Open Market Committee gathering.

The CPI-focused market registered $8,000 in trading volume with $48,000 in open interest. The Fed rate market recorded $600 in volume alongside $13,200 in open interest. Platform validators additionally greenlit a sports prediction market centered on the Champions League final match.

These new markets complement the previously launched HIP-4 market series, which features a Bitcoin daily price movement market that has generated $578,000 in trading volume and $180,000 in open interest.

The combined assets under management for HYPE ETF products stood at $89 million as of May 26, 2026.