Bitwise and Grayscale Aggressively Accumulate HYPE as Spot ETF Race Heats Up
Institutional asset managers are moving fast to secure large positions in Hyperliquid’s native token, HYPE. On-chain data surfaced by blockchain analytics firm Arkham reveals that Bitwise recently disclosed its exchange-traded fund addresses, confirming it has purchased and staked $19.78 million worth of HYPE. This purchase positions Bitwise at an unrealized ...
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