Veltera

What a week. Here’s the Bitwise Hyperliquid ETF $BHYP Trading Report after the first five days.* - $30.5M in AUM - Average daily volume: $9.2M - Total inflows: $26.9M - The only spot Hyperliquid ETF to stake assets in-house - The only spot Hyperliquid ETF to publish the fund’s wallet addresses - 10% of the Fund’s annual management fee will be held as HYPE on the Bitwise balance sheet** Grateful to our investors for a successful launch! Hyperliquid.

$HYPE

A fund will eventually smash $500M+ into the $HYPE books and we'll never see these prices again as the supply shrinks every single day. The "large" sellers we see these days are nothing in comparison to the billions that were poured into inferior investments by funds this past cycle. $10B+ into $ETH and it's down only. Billions into $SOL all underwater. Sell everything, accumulate SPOT $HYPE & chill. Hyperliquid.

Think people are still heavily underestimating the upside potential for $HYPE here. For the first time, we are seeing a breakthrough crypto native application outside of BTC and stablecoins, which most of CT is not used to. Throughout each past cycle longing the platform where everyone speculated has always produced tremendous upside as seen with ETH, BNB, SOL, FTX. While each cycle enabled its own novel form of speculation, Hyperliquid will produce a much greater outcome given its ability to tap into a much bigger TAM consisting of stocks, crypto, commodities, predictions, etc… HYPE still feels cheap here at $13 billion circulating when most other crypto exchanges are trading at close to $80 billion with TradFi ones and L1s even higher.