HYPE Price Stagnates Despite Bitwise’s Bold Hyperliquid ETF Filing

Bitwise drops regulatory bombshell with spot Hyperliquid ETF application—yet HYPE token responds with crickets.

Market Indifference Speaks Volumes

Traders expected fireworks after Bitwise's filing hit the SEC dashboard. Instead, HYPE's chart flatlined—no pump, no dump, just institutional-grade yawns. The disconnect screams louder than a crypto influencer during bull run.

ETF Hype vs. Token Reality

Bitwise's move should've sent HYPE parabolic. Instead, the token trades like legacy finance just discovered it exists—because they probably did. Another case of Wall Street playing catch-up while degens already priced this in months ago.

Regulatory Gambit or Paper Tiger?

The filing itself is pure Bitwise: slick paperwork, compliance boxes checked, all the right buzzwords. But until the SEC stops treating crypto ETFs like nuclear codes, this remains theater for institutional spectators.

Wake-up call for portfolio managers who still think ETF filings move crypto markets—retail traders priced this in before your morning coffee cooled.