HYPE Hits New Record High as Institutions Buy In

Hyperliquid is seeing a massive wave of momentum as its HYPE token reached a record price of $89.67. This surge comes alongside rising demand for exchange traded products that track the asset. Investors are reacting to strong institutional participation, which is proving to be a key driver for the current price action.

Financial giants including UBS, Bank of Montreal, and Jane Street are now listed as holders across various HYPE ETFs. Bitwise has also seen significant growth with its BHYP fund, which has accumulated over $166 million in assets since it first launched. Total assets across these vehicles have now climbed to $481 million.

This growth represents a 176 percent gain for HYPE over the last six months. Traders are keeping a close watch on these holdings to see if more institutions join the trend. Continued inflows from these major firms could signal sustained interest in the project as it maintains its position in the market.