EL7.AI
Crypto•22 May 2026•
1 min read

Bitwise Hyperliquid ETF Hits $30M Milestone as Grayscale Joins Race

Key Facts

1Bitwise’s Hyperliquid ETF surpassed $30 million in assets under management shortly after its launch.
2Grayscale is moving forward with its own ETF filing for the Hyperliquid (HYPE) token.

In a move reflecting the accelerating adoption of specialized crypto assets, the Bitwise Hyperliquid ETF reached a significant milestone as its assets under management (AUM) surpassed $30 million shortly after debut. According to reports, this rapid growth is fueled by surging investor demand for tokens linked to decentralized exchanges (DEX). Furthermore, Grayscale is reportedly moving forward with its own ETF filing for the Hyperliquid (HYPE) token, intensifying competition among major asset managers in this niche sector.

The institutional interest in Hyperliquid comes amid a broader trend of DeFi sector growth, as firms seek to diversify portfolios beyond Bitcoin and Ethereum. Compared to other altcoin-linked products, securing $30 million in AUM so quickly demonstrates strong conviction in the Hyperliquid protocol, which ranks among the fastest-growing DEXs by volume. Per market data, the entry of titans like Bitwise and Grayscale validates HYPE as an institutional-grade asset class within the regulated ETF framework.

Looking ahead, global risk appetite may be influenced by upcoming macro data, including Canada’s Inflation Rate and Japan’s GDP growth (May 18-19, 2026). The progress of Grayscale’s regulatory filing remains the primary catalyst to watch for HYPE price action in the near term.