Bitwise's HYPE ETF (BHYP) becomes the largest HYPE ETF with $166.3M in holdings after a $10.5M single-day purchase.
Ecosystem ·
Bitwise's Hyperliquid ETF (BHYP) has accumulated $166.3 million in tracked holdings, according to Arkham data, positioning it as the largest HYPE ETF by this measure. The fund executed a $10.5 million purchase of HYPE on Friday, marking its largest single-day acquisition since August 27, when it bought $23.2 million of the token.
The Friday purchase came after a four-day pause in buying activity. The resumed accumulation signals renewed positioning in HYPE, with the recent transaction representing a significant reentry into the market following the earlier August acquisition. The scale of holdings now tracked on-chain provides transparency into the fund's exposure to the HYPE token.
What remains unclear is whether this buying pattern reflects a tactical rebalancing, response to market conditions, or part of a broader fund strategy. The timing and magnitude of future purchases, and how they correlate with HYPE's price movement, are not yet indicated in available data.