HYPE Spot ETF Sees 14 Consecutive Days of Inflows, Price Hits $75 ATH — Just the Start?

According to on-chain and ETF data, the HYPE spot ETF has recorded net inflows for 14 consecutive trading days since late May, accumulating approximately 1% of the token's circulating supply—representing millions of dollars in fresh capital. This sustained buying pressure propelled the HYPE token above $75 on June 3, marking a new all-time high. HYPE serves as the core token of the Hyperliquid ecosystem, a leading decentralized platform specializing in high-performance perpetual futures trading, with substantial total value locked and trading volumes. The ongoing institutional accumulation via the spot ETF is being interpreted as a fresh endorsement of the value of DeFi infrastructure. As HYPE settles above the psychologically important $75 level, market participants are debating whether this milestone is merely the start of a broader rally. However, short-term traders remain cautious about potential profit-taking and broader market sentiment shifts.