Bitwise's HYPE ETF Sees Strong Inflows and Price Boost

Bitwise Asset Management launched its HYPE ETF on the NYSE on May 15, 2026, attracting significant investor interest. The ETF features a waived sponsor fee of 0.34% for the first $500 million in assets during the opening month, driving early investment and contributing to a strong price increase.

The underlying protocol, Hyperliquid, has recorded weekly blockchain fees of $11 million, with 97% used to buy and burn HYPE tokens, creating a deflationary effect. The Assistance Fund has also spent over $1.3 billion buying 28.5 million HYPE tokens at a 7% annualized buyback rate, further supporting the token price.

Analysts note that if inflows remain strong, the token could potentially reach $70-$80. However, prices may stabilize or fall if inflows slow after the fee waiver ends, highlighting the importance of ongoing investor interest in determining the HYPE token's future performance.