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Reading: Bitwise and Grayscale add $2.8 million HYPE after 16% rebound
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COINTURK NEWS > Hyperliquid (HYPE) > Bitwise and Grayscale add $2.8 million HYPE after 16% rebound
Hyperliquid (HYPE)

Bitwise and Grayscale add $2.8 million HYPE after 16% rebound

In Brief

  • 🚨 Bitwise and Grayscale together bought $2.8 million of $HYPE last week.

  • 📈 HYPE surged 16% from its weekend lows as ETF holders made no sales.

  • 🧑‍💼 Institutional ETFs held or added to positions, resisting broader market outflows.

  • 🌐 Hyperliquid recovered from the red zone after a volatile stretch.
Onur Atam
Onur Atam 3 weeks ago
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Bitwise and Grayscale have emerged as leading buyers of HYPE, purchasing a combined $2.8 million worth of the token over the past week. Their activity follows a period of significant price recovery for Hyperliquid, after the asset experienced several days trading in negative territory.

Contents
ETF holdings and market resilienceInstitutional activity supports price actionEfficiency in a volatile environment

ETF holdings and market resilience

Arkham Intelligence reported that despite heightened market volatility and a stretch of lackluster price action, Hyperliquid ETF investors refrained from selling their HYPE holdings throughout the week. Instead, these funds either maintained or increased their positions, standing apart from other crypto funds that saw net outflows during the same period.

Analysts pointed to this unwavering demand from institutional investors as a key driver behind the recent recovery in HYPE’s price. From its weekend lows, Hyperliquid advanced by more than 16%, suggesting a robust rebound tied to ongoing ETF interest.

Data indicated that no sales of HYPE occurred from any Hyperliquid ETF over the week, while other crypto funds experienced noticeable outflows. The sustained holding or accumulation among institutional participants signals a strong confidence in the asset’s potential.

Institutional activity supports price action

Bitwise and Grayscale’s involvement was particularly notable, as the two investment firms together acquired roughly $2.8 million in HYPE during this market recovery. Their purchases further reinforced the positive momentum, providing additional support to the price rebound.

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According to market observers, renewed institutional interest has amplified demand for HYPE and contributed to its climb from depressed levels. Market participants are now monitoring whether this pattern will persist, with some analysts suggesting that continuous ETF buying could signal further upside potential for the token.

Analysts believe that sustained ETF demand, especially from major institutions, may indicate the beginning of a new upward trend for HYPE if current buying patterns continue.

Efficiency in a volatile environment

As HYPE responds to institutional activity and market swings, investors increasingly seek streamlined tools to navigate crypto markets efficiently. In a landscape where a sudden Fed decision or an unanticipated altcoin listing can spark instant volatility, managing multiple apps for tracking data often leads to missed opportunities. Many traders now turn to privacy-first platforms such as CryptoAppsy, which consolidates real-time charts, trade alerts, coin-specific news, and macroeconomic data onto a single interface without requiring account creation.

HYPE continues to trade with bullish momentum as ETF interest remains high and institutional accumulation drives optimism for further gains.

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Onur Atam 17 August, 2026 - 6:44 pm 17 August, 2026 - 6:44 pm
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Onur Atam
By Onur Atam
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The author, who is an attorney, specializes primarily in Information Technology Law and Commercial Law. His areas of interest include internet technologies, the cryptocurrency ecosystem, blockchain applications, and next-generation financial technologies.He closely follows developments in digital assets, cryptocurrency regulations, fintech applications, e-commerce, data security, and areas where technology intersects with the law. His goal is to provide a clear and accessible analysis of current developments in the fields of cryptocurrency and financial technologies from a legal perspective.
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