HYPE SPOT ETF IS 1% IN 14 DAYS, AND THE NEW 75 IS JUST THE STARTING POINT

Original Odaily Daily Planet@OdailyChinaI'm not sure

Author |Golem@web3 golemI'm not sure

“..AT LEAST BEFORE THE END OF THIS ROUND OF CATTLE, THE HYPE SHOULD GO BEYOND SOL"BitMEX, the most loyal "H Guard" & nbsp;Arthur HayesAT THE END OF MAY, HE WAS THE FIRST TO PUBLICLY CALL OUT THIS EXPECTATION, AFTER HE HAD STATED SEVERAL TIMES THAT HYPE WOULD RISE TO $150。

Arthur Hayes, "Stomp on One" because the former Multicoin Capital, "S" guard, Kyle Samani first opened fire on Hyperliquid in the community, and then the two of them "scolded" went off and ended up in a $100,000 bet, about all the coins that HYPE had to win the market value for the rest of the year(Details of their grievances can be read:Solana and Hyperliquid, most loyal guards, scolded each otherI don't know。

In the last few days, the HYPE has continued to rise to a record high of $75, and investors who want to get in the car are even trying to do nothing. This paper, Odaily Daily, analyses changes in the basics of the HYPE from the perspective of the market buying and selling drive for readers。

IT'S THE BEST MONEY EVER

There are currently two HYPE spot ETFs on the market, and 21 Shares launched the first Hyperliquid ETF (THYP) in NASDAQ on May 12, and Bitwise launched Hyperliquid ETF (BHYP) in NYU on May 15。

HYPE SPOT ETF 14 DAYS NET INFLOW

AS OF 2 JUNE, HYPE SPOT ETF HAD BEEN ONLINE FOR 14 CONSECUTIVE DAYS, WITH CUMULATIVE NET INFLOWS EXCEEDING $136 MILLIONSome 0.9 per cent of the total market value of HYPE has been absorbed, of which Bitwise ' s net BHIP inflows amounted to $829.6 million, making it the largest HYPE ETF in the world。

The performance of the HYPE spot ETF on-line is sufficient to see the extent to which traditional funds are attracted to Hyperliquid. In 12 US-encrypted spot ETFsBASED ON THE CUMULATIVE TOTAL NET INFLOWS, THE HYPE SPOT ETF HAS BECOME THE FIFTH LARGEST ENCRYPTED ETF EXCEPT BTC SPOT ETF, ETF SPOT XRP SPOT ETF AND SOL SPOT ETFFAR AHEAD OF OTHER ONLINE ENCRYPTED SPOT ETFS。

COMPARED TO BTC AND ETH SPOT ETF PERFORMANCE SINCE MAY, THE TREND TOWARDS MARKET SEGMENTATION IS ALSO MORE VISIBLE, AND ENCRYPTED ASSETS ETF ARE BEING RECONFIGURED。

BTC Cash ETF has been net outwards for 12 consecutive days since 15 May and for 24.33 billion dollars in May, breaking the record of eight consecutive days since the beginning of 2025; ETH Cash ETF has been net outwards for 16 consecutive days since 11 May and for 540 million dollars in May. On May 28th, VanEck launched the BNB ETF (VBNB) in NASDAQ, and has been in net inflows for four consecutive days。

DURING THIS CYCLE, INSTITUTIONAL AND TRADITIONAL FUNDING HAS SIGNIFICANTLY COOLED THE EXPOSURE OF ETFS SUCH AS BTC AND ETH, AND THE ATTRACTION OF HYPE HAS GRADUALLY INCREASED FOR THEM, AND FOMO IS EVEN HIGHER THAN THE DATA AVAILABLE AT THE START OF THE BTC AND ETF。

The HYPE spot ETF has absorbed close to 1 per cent of the HYPE market value within two weeks of going online, exceeding the initial performance of BTC and ETH spot ETF in the same period in market value ratios. According to SoValue data, the BTC cash ETF net inflows for the first two weeks amounted to $1.46 billion, absorbing only about 0.2 per cent of the then BTC market value; ETH spot ETF net outflows for the first two weeks or even about $400 million; and SOL spot ETF net inflows for the first two weeks amounted to about $380 million and absorbed only about 0.47 per cent of the then SOL market value。

THE CONTINUED INFLOW OF HYPE SPOT ETF HAS SOLIDLY UNDERPINNED THE PRICE OF HYPE。

DOUBLE-BACK HYPE BUYS A PLATE, OFFSETS THE LOCKS

In addition to ETF, Hyperliquid's agreement revenue is an important support for the HYPE purchase。

As early as 2025, Hyperliquid introduced the Assistance Fund (AF) mechanism, which provides for 97 per cent of protocol transaction costs (perps + spot, etc.) to automatically enter the AF address and continuously buy back the HYPE, and then changed the ratio of costs to 99 per cent, making it possible for HYPE to effectively capture the HYperliquid protocol value and also to be an important support for the HYPE price。

The Hyperliquid daily agreement income is between US$ 1 million and US$ 3 million, and since the implementation of the AF mechanism, cumulatively more than US$ 1.1 billion has been repurchased. Although the cumulative net inflow of HYPE spot ETF was less than that of AF, it increased at a faster rate, with only half a month of net inflows catching up with 1/10 of AF buy-backs, with a maximum net inflow of $31.62 million per day on 29 May。

NOW, THE ADDITION OF THE HYPE SPOT ETF WILL DOUBLE SUPPORT FOR THE HYPE, OFFSETTING THE PRESSURE OF THE TEAM TO UNLOCK THE TOKEN。

Since January 2026, the official system has provided for the one-time monthly unlocking of team tokens, fixed at 6 days per month. On June 6th there will also be a one-time unlocking of $38.7 million in tokens, but perhaps not a major push in the market。

An important feature of the ETF buy-in is that investors behind it may not be aware of the economics of tokens, or even have been directly involved in the DeFi agreement, and they simply want to gain a HYPE risk exposure. As a result, ETF investors are less sensitive to unlocking tokens, which do not suppress buying power as long as the basic face of the project does not change dramatically。

Meanwhile, there will be more HYPE spot ETF roll-out in the future. On 2 June, Grayscale submitted a revised S-1 document for Hyperliquid Staking ETF, which provides approximately 2 million HYPE as seed capital investments. The HYperliquid ETF code is Grayscale Hyperliquid Staking ETF (HYPG) and will officially open the transaction on 4 June。

THE HYPE WILL LEAD TO DEEPER MOBILITY, GREATER INSTITUTIONAL PARTICIPATION, AND SUSTAINED INCREMENTAL BUYOUTS。

FOMO

THE AGENCY'S FOMO LEVEL OF HYPE IS NO LESS WEAK THAN THAT OF DIASPORA INVESTORS, WHO PUSH THE HYPE UP WITH REAL SILVER AND SILVER WHILE SPEAKING PUBLICLY ABOUT IT。

a16z or has become the largest external warehouse facility for HYPE

Since August 2025, a16z has opened a large accumulation pattern of hype. According to an encrypted analyst, Aunt Ai @ai 9684xtpa monitors the situation in the countrya16z may have become the sixth largest warehouse entity in the HYPE chain and the first largest external warehouse entity。The first five large HYPE addresses belong to the Hyperliquid Home Ecology Project (the fifth is the Kinetiq pledge agreement), while the sixth is under the flag of a16z, which holds 3.095 million HYPEs worth over $223 million。

However, this is not the only HYPE holding address of a16z, which shows a16z on the chain and continuously buys the HYPE through multiple related addresses。

On 28 May, the encryption analyst, Aunt Ai @Ai 9684xtpa, monitored the initial address of 0x4c6 associated with a16z, cumulatively extracted 253947.43 HYPEs at an average price of about US$ 59.2; on 30 May, Lokonchain monitored the initial address of 0xb5Es associated with a16z to buy 22,26121 HYPEs again, and since 14 April, the address has cumulatively bought 3.9 million HYPEs at an average price of about US$ 49.4。

In addition to a16z, Galaxy Digital is hoarding Hype. June 3rd according to LokonchainMonitoringGalaxy Digital extracted 179,000 HYPEs from Coinbase, valued at approximately $12.62 million, and on May 21Another related wallet158,100 HYPES VALUED AT APPROXIMATELY $8.8 MILLION WERE PURCHASED。

In a post published by Matt Hougan, the chief investment officer of Bitwise, who wrote that the government is not looking at HYPE as an ordinary air-mounted currencyHYPE IS NOT JUST A BANKNOTE, BUT A SECOND-GENERATION ENCRYPTED CURRENCYThis is because it has real value capture, buyback and institutional requirements。

Meanwhile, institutions have upgraded the location of Hyperliquid from Perp DEX to a block chain financial infrastructure platform. The greyscale report states that Hyperliquid may even challenge the traditional derivative trading and exchange system in the future and grow into a “financial services giant”。

HYPE DAT SELECTED RUSSELL 3000 INDEX

At the time of the cooling of the concept of the US stock DAT and the start of the sale of the money by the trackhead Strategy, DAT continued to float as the HYPE price rose。(Refer to:DAT FAILED? I'LL BET HIPE'S LISTED COMPANY HAS A SURPLUS OF $1.25 BILLIONI'm not sure

One of the most important concerns is that of Hyperliquid Strategies (NASDAQ:PURR). According to official web data, there are currently 22.3 million HYPEs, valued at US$ 1,617 million. Hyperliquid Strategies also disclosed in their financial statements released in early May that, as of Q1 in 2026, they had invested $10.5 million to repurchase about 3 million shares at an average cost of $3.42 per share。

On 22 May, the FTSE Russell published a preliminary list of Russell 3000 index restructuring in June 2026, and PURR appeared in the updated list of Russell 3000 index and is expected to enter into force on 26 June。

PURR APPEARS IN THE LIST OF ADDITIONS TO THE RUSSELL 3000 INDEX

The Russell 3000 index is also one of the most extensive equity indices in the United States stock market, covering about 3000 of the largest companies listed in the United States, which can be said to have almost the entire United States stock market loaded, with a massive adjustment to take place in June each year. There are now a large number of index funds, pension funds and ETFs that track the index, and FTSE Russell discloses about & nbsp; $10.6 trillion of assets are benchmarked by the Russell America Index。

If PURR is actually included in the Russell 3000 index, it will not only be passively configured, but will also increase its visibility. To help investors get more HYPE exposures, they will probably follow Strategy’s “finance buy-in” model in the future and become another firm buy-in for HYPE。