Bitwise Clients Load Up on HYPE Tokens Amid Price Drop

Bitwise's clients added over $5 million worth of HYPE tokens from Hyperliquid last week, despite the token's price dropping by more than 14% in the past 30 days. This investment has not been sold since July.

HYPE remains up 118% year-to-date, indicating institutional accumulation via ETFs that supports adoption amidst short-term crypto volatility and price risk.

Bitwise is one of the largest HYPE ETF issuers, according to Arkham data.