Hyperliquid (HYPE) Price: New All-Time High as ETF Inflows Hit $89M

TLDR

• HYPE hit a new all-time high of around $65 on May 26, 2026.
• Bitwise’s BHYP ETF has accumulated $40 million in assets under management in just over a week.
• Combined ETF inflows for HYPE reached $89 million over nine days, roughly $9.2 million per day.
• Hyperliquid launched new macro prediction markets, including CPI and Fed rate decision markets.
• Hyperliquid’s open interest reached $8.5 billion, making it the third-largest derivatives venue globally.

Hyperliquid’s HYPE token hit a new all-time high near $65 on May 26, driven by strong ETF demand and the launch of new prediction markets on the platform.

Bitwise CEO Hunter Horsley said the BHYP ETF traded $12 million in less than two hours after markets opened that day. The fund holds $40 million in assets under management just over a week after launch.

Coin Bureau analyst account posted on X, highlighting the scale of Bitwise’s buying: “Bitwise bought another 162,367 $HYPE, worth about $10.1M, over the past 2 hours. Based on its official website, Bitwise already held 723,361 HYPE, worth around $40.4M, as of May 21, 2026.” This underscores just how quickly institutional capital has moved into the asset.

Combined inflows across Bitwise’s BHYP and 21Shares’s THYP reached $89 million in nine days — one of the fastest ETF accumulation curves seen in crypto investment products.

Grayscale is also reportedly accumulating HYPE, likely ahead of its own ETF launch. Analyst Havoc projected that the upcoming Grayscale GHYP product could add another $8 million to $12 million in daily inflows, potentially absorbing between 8% and 33% of HYPE’s circulating supply on an annual basis.

ETF Demand Drives Price Discovery

HYPE has remained in price discovery since ETF trading began. The token climbed from its prior breakout level near $59.40 and reached $64.50 before pushing higher.

If HYPE holds above $59.40, Fibonacci extension targets place potential resistance at $76, $89.50, and $101 respectively. Derivatives data showed aggregated open interest approaching $2 billion, with funding rates near 0.004%, indicating bullish positioning.

Crypto analyst Byzantine General noted that Hyperliquid’s total aggregate exchange open interest hit $8.5 billion, ranking it third globally behind Binance and Bybit. Its open interest market share reached 7.2%, a new record for the platform.

Onchain data showed Hyperliquid attracted over $1.1 billion in net inflows over the past month.

Prediction Markets Go Live

On the same day HYPE hit its all-time high, Hyperliquid launched new macro prediction markets. The first two focus on year-over-year May CPI data and whether the Fed will change its funds rate at the June FOMC meeting.

The CPI market showed trading volume of $8,000 and open interest of $48,000. The Fed rate market had $600 in volume and $13,200 in open interest. Validators also approved a soccer prediction market for the Champions League final.

These follow the earlier HIP-4 market launch, which includes a Bitcoin daily price action market that has now seen $578,000 in volume and $180,000 in open interest.

The HYPE ETF combined AUM stood at $89 million as of May 26, 2026.

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