Hyperliquid’s HYPE Token Surges to Record High Amid Regulatory Milestones and ETF Inflows
Hyperliquid's HYPE token rallied to an all-time high of $68.64 on May 30, capping a month that saw 50% gains and $1.4 billion in single-day trading volume. The surge followed the CFTC's approval of KalshiEX's BTCPERP contract—the first U.S.-regulated Bitcoin perpetual futures product—and ICE CEO Jeffrey Sprecher's remarks comparing Hyperliquid's infrastructure to Nasdaq.
Two U.S.-listed spot HYPE ETFs—Bitwise's BHYP and 21Shares' THYP—have drawn $136 million in net inflows within 13 trading sessions, signaling institutional demand. The convergence of regulatory validation, ETF adoption, and public endorsements reframes HYPE as a benchmark for always-on derivatives infrastructure.
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