Bitwise BHYP Fund Adds $10.5 Million in HYPE Tokens

The Bitwise BHYP fund resumed its accumulation of HYPE tokens this week. Data from Arkham shows that wallets linked to the fund purchased $10.5 million worth of the asset after a four day period of inactivity.

This latest move brings the total tracked purchases for the fund to $166.3 million since it launched. The return to buying suggests continued interest in the project from the firm.

Traders are watching these wallet movements closely to gauge institutional interest in the token. We will keep an eye on whether these inflows continue or if the fund takes another break in the coming days.