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Bitwise double down on the crypto HYPE bet with a massive investment

Bitwise double down on the crypto HYPE bet with a massive investment


20h05 ▪
5
min read ▪ by
Evans S.

Summarize this article with:

Bitwise brutally strengthens its crypto bet on Hyperliquid. The asset manager transferred 1.775 million HYPE tokens to the protocol before staking them. The operation, estimated at around 114 million dollars, accompanies the rise of its Hyperliquid spot ETF launched in May.

A torrent of crypto capital marked “114” surges toward a decentralized network as stunned traders look on.A torrent of crypto capital marked “114” surges toward a decentralized network as stunned traders look on.

In brief

  • Bitwise placed 1.775 million HYPE in staking.
  • The crypto operation amounts to about 114 million dollars.
  • The BHYP ETF…

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