HYPE Token Surges as Hashdex Adds It to ETF and Financing Facility Expands

Hyperliquid's native token HYPE has seen a significant increase in price following two major announcements. The first was Hashdex adding HYPE to its Nasdaq CME Crypto Index ETF, which now holds nine crypto assets. This expansion of the fund includes Hyperliquid with a 3.36% weighting and Bitcoin holding the largest share at 74.36%. Hyperliquid Strategies' equity financing facility has also been expanded from $1 billion to $2.5 billion in collaboration with Chardan Capital Markets.

Additionally, a whale purchased $11.8 million worth of HYPE tokens in one day, according to crypto analyst Ted (@TedPillows) on X. Hyperliquid is also in talks with Kraken parent Payward to offer regulated perpetual futures to U.S. traders.