Bitwise Transfers $1735M Worth of Hype Tokens to Coinbase

Bitwise BHYP Hyperliquid ETF has transferred 280,700 HYPE tokens to Coinbase over several weeks, valued at $17.35 million.

The transfer reflects a significant movement of funds into the exchange, which may indicate increased interest in the Hype token or anticipation of future market developments.

Bitwise BHYP Hyperliquid ETF is an exchange-traded fund (ETF) that provides investors with exposure to the Hype token, allowing them to track its price movements without directly holding the asset.