The post HYPE Price Rises as Bitwise ETF Resumes $10.5 Million Buying appeared on BitcoinEthereumNews.com.
TLDR: HYPE price holds near $85.45 after BHYP added $10.5 million in tokens, ending a four-day pause in purchases by Bitwise clients. Bitwise has accumulated $166.3 million in HYPE since BHYP launched, making the fund the largest HYPE ETF by reported size. Hyperliquid bought and burned 9,730 HYPE worth about $829,500 in one day, extending lifetime burns to 48.42 million tokens. The ETF purchase adds regulated spot demand, while fee-funded burns permanently shrink supply and leave $88.06 as nearby resistance. HYPE price traded near $85.45 as Bitwise clients resumed purchases through the BHYP fund. The product added $10.5 million in HYPE on Friday after recording no purchases for four consecutive days. Arkham data identifies the transaction as BHYP’s largest daily addition since a $23.2 million purchase on August 27. Total acquisitions have now reached $166.3 million since launch, placing BHYP above rival HYPE products by size. Meanwhile, Hyperliquid bought and burned 9,730 HYPE worth about $829,500 within 24 hours. The two flows pair renewed regulated demand with a steady reduction in the token’s available supply during market strength. Hyperliquid (HYPE) Price HYPE Price Finds Support From Bitwise ETF Accumulation BHYP’s renewed activity ends a brief pause that followed several weeks of institutional accumulation. Friday’s $10.5 million purchase represents about 123,000 HYPE at prices near $85.27. The estimate shows the scale of demand entering through one regulated product. Bitwise launched the spot Hyperliquid ETF in May, offering investors indirect exposure to the Hyperliquid token. The fund also stakes a large portion of its holdings through Bitwise’s internal infrastructure. Staking can add token rewards, although the structure carries operational, liquidity and slashing risks. Arkham’s figures place cumulative purchases at $166.3 million since launch. That total makes BHYP the largest HYPE ETF by reported size. It also signals that the four-day buying gap…