Bitcoin is cratering, but a new Wall Street crypto hype is on the rise
HYPE, or hyperliquid, ETFs attracted nearly $160 million in inflows within days of launch, even as bitcoin and ether ETFs dropped along with the prices of underlying cryptocurrencies. ETF experts say that investors are drawn to this new crypto space for its buyback model, which uses platform trading fees to repurchase HYPE tokens and creates a direct link between activity and value.
