Arkham on-chain data shows Bitwise has continuously bought HYPE tokens without any sales since last month. All of its HYPE trades in August have been purchases. Clients of Bitwise's HYPE ETF accumulated more than $5 million in HYPE over the past week. Bitwise previously launched investment products for HYPE to offer institutional exposure.
Bitwise has continued to buy Hyperliquid's token HYPE, according to Arkham's on-chain monitoring. The firm has not sold any HYPE since last month, and all of its HYPE transactions in August so far have been purchases.
Arkham data shows that clients of Bitwise's HYPE ETF accumulated more than $5 million in HYPE over the past week. Bitwise earlier launched investment products tied to Hyperliquid to give institutional investors exposure to the asset.
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