According to Arkham monitoring, Bitwise has been steadily accumulating Hyperliquid (HYPE) since last month without any sales. The buying is one-directional since August. Data shows that Bitwise's HYPE ETF clients bought over $5 million worth of HYPE in the past week. Bitwise had previously launched an investment product offering institutional investors exposure to HYPE.
ChainCatcher reports that on-chain data from Arkham shows Bitwise has been buying Hyperliquid (HYPE) on a steady basis. The asset manager has not sold a single HYPE token since last month.
Since August, Bitwise's HYPE operations have been purely buys. Over the past week, clients of the Bitwise HYPE ETF accumulated more than $5 million in HYPE, according to the data.
Bitwise earlier rolled out an investment product tied to Hyperliquid, giving institutional investors exposure to the token.
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