Hyperliquid price outlook as Bitwise launches spot HYPE ETF
Hyperliquid price remained volatile this week after rebounding sharply from a recent pullback, while growing institutional involvement and the launch of new spot exchange-traded products strengthened bullish sentiment surrounding the decentralized trading protocol. According to data from crypto.news, Hyperliquid ($HYPE) price was trading around $44 at press time on May 15 after briefly surging above the $46 region earlier in the session. The token has recovered significantly from its January lows near $22 as demand surrounding decentralized perpetual trading infrastructure continued rising. One of the biggest catalysts supporting Hyperliquid this week was the launch of the new spot Hyperliquid ETF from Bitwise Asset Management. The Bitwise Hyperliquid ETF officially begins trading on Friday and is among the first U.S.-listed spot $HYPE investment products. The fund also incorporates native staking through Bitwise Onchain Solutions, allowing investors to gain both spot exposure and staking-related yield. The launch highlights the accelerating institutional race to offer regulated exposure to decentralized finance infrastructure beyond Bitcoin and Ethereum. Competition within the emerging Hyperliquid ETF market has also intensified rapidly. Earlier this month, 21Shares launched two $HYPE-linked ETFs in the United States, including the spot-focused THYP product and the leveraged 2x Long $HYPE ETF trading under the ticker TXXH. The growing number of









