Hype Token Surges to Record High Amid Growing Institutional Exposure

Hyperliquid's HYPE token reached an all-time high of $89.60 on Sunday, September 6, making it the 10th-largest cryptocurrency in terms of market value.

The surge comes as regulatory filings revealed growing institutional exposure to U.S.-listed exchange-traded funds (ETFs) tied to the cryptocurrency.

According to the filings, Wall Street firms are increasingly investing in these ETFs, which could lead to further price appreciation for HYPE.