Hyperliquid’s HYPE token has reclaimed the $70 mark after dropping to the $68 level on Wednesday. The slight decline comes two days after Hyperliquid hit a new all-time high of $76. The institutional inflow suggests that buying pressure for Hyperliquid persists, which could push its price higher in the near term. ETF demand continues to push HYPE higher A key catalyst behind HYPE’s rally over the past few days was institutional demand from asset manager Bitwise, which purchased approximately 77,100 HYPE tokens worth about $5.2 million to support its newly launched Bitwise Hyperliquid ETF. Institutional inflow into Hyperliquid ETFs continues to increase.
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