Bitwise sees Hyperliquid tapping a $600T market, beyond crypto, with strong ETF inflows.
Bitwise CIO Matt Hougan believes Hyperliquid (HYPE) targets a $600 trillion global asset market, far beyond the $3 trillion crypto sector. The BHYP ETF, launched in May, has attracted nearly $60 million, marking one of the most successful crypto ETF launches. Hyperliquid’s token model focuses on long-term value through trading fee buybacks and serves as a fintech platform with growing non-crypto trading, including S&P 500 and oil assets. Challenges include competition from major financial institutions and limited U.S. investor access to the offshore exchange.
➤ Bitwise CIO Matt Hougan believes Hyperliquid (HYPE) is targeting a $600 trillion global asset market, extending beyond traditional crypto. ➤ The BHYP ETF, launched in May, has seen significant inflows ($60 million), indicating strong investor interest. ➤ Hyperliquid is expanding its fintech platform to include non-crypto assets like S&P 500 and oil, though U.S. investor access to the offshore exchange remains a challenge.
