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Why Hyperliquid faces $91M Multicoin supply risk despite HYPE’s ETF boost
HYPE’s market setup is shifting as major holders cash out while regulated investment products begin building exposure.
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HYPE, the Hyperliquid token, is released into a listed fund (ETF) in the United States with a 3.4% weight within the Hashdex fund. The incorporation makes it the fifth largest position in the fund, just behind Bitcoin, Ethereum, XRP and Solana. The vehicle follows the Nasdaq CME cryptoactive price index, a reference built by Nasdaq and CME Group. According to the background documentation, as of September 1, it accumulated $431.37 million in net …
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