According to MarsBit, the HYPE spot ETF has recorded net inflows for 14 consecutive trading days, with a cumulative absorption rate of approximately 1%, reflecting sustained strong demand for the asset. During this period, the HYPE token price broke through the $75 level, setting a new all-time high, prompting some market participants to question whether this level is merely the starting point for a new round of bullish momentum. While funds continue to flow in, there are considerations regarding the sustainability of these ETF subscriptions and resistance at higher price levels. The HYPE ecosystem is currently experiencing robust growth, with elevated derivatives trading volume and total value locked, providing fundamental support for the price.
As the native token of Hyperliquid, the HYPE spot ETF has seen growing appeal since its launch. Recent data shows the ETF has been in a state of net subscriptions for 14 straight days, with daily inflows stabilizing around 1%, resulting in significant accumulated capital. Driven by this, HYPE's price surged past the $75 resistance to reach a new all-time high, with strong intraday gains and a rapid climb in market cap rankings. Amid the trend of DeFi tokenization and surging Hyperliquid trading volumes, market discussions suggest that $75 could be the starting point for a new wave of upward movement. Nevertheless, investors should remain mindful of ETF premium rates and potential selling pressure. Overall, the persistent accumulation by the HYPE ETF reflects institutional demand for quality DeFi assets, and in the short term, the price may still have upward momentum.