{"id":424113,"date":"2026-04-12T01:54:08","date_gmt":"2026-04-11T20:24:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/arthur-hayes-loads-up-on-hype-as-bitwises-hyperliquid-etf-nears-launch-crypto-news\/"},"modified":"2026-04-12T03:25:24","modified_gmt":"2026-04-11T21:55:24","slug":"arthur-hayes-loads-up-on-hype-as-bitwises-hyperliquid-etf-nears-launch-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/arthur-hayes-loads-up-on-hype-as-bitwises-hyperliquid-etf-nears-launch-crypto-news\/","title":{"rendered":"Arthur Hayes Loads Up on HYPE as Bitwise\u2019s Hyperliquid ETF Nears Launch – Crypto News"},"content":{"rendered":"
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\n\t\t\t\t\t\t\t\t\tMeanwhile, HYPE’s price surged to a three-week high above $42.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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On-chain data reveals that BitMEX\u2019s co-founder and former CEO has begun accumulating HYPE again after a multi-month hiatus.<\/p>\n

The most recent purchase coincides with the asset\u2019s significant run that drove it to over $40, as well as the latest developments on Bitwise\u2019s HYPE ETF application.<\/p>\n

Hayes Buys as Price Rockets<\/h2>\n

Lookonchain updated earlier on April 11 that the Maelstroms\u2019 executive had spent over $1 million to accumulate 26,022 HYPE tokens. This was his first such purchase in almost three months. Wallets linked to him show that he currently holds 247,344 HYPE, worth around $10.44 million, and he sits on a paper gain of $2.5 million.<\/p>\n

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Arthur Hayes(@CryptoHayes<\/a>) bought 26,022 $HYPE<\/a>($1.1M) again after nearly 3 months.<\/p>\n

He now holds 247,334 $HYPE<\/a>($10.44M) and is up over $2.5M.https:\/\/t.co\/BVqcbjKBOc<\/a> pic.twitter.com\/Qu5FgXTbAb<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) April 11, 2026<\/a><\/p>\n<\/blockquote>\n

Hayes has been quite active lately in terms of crypto purchases and sell-offs. The latest big accumulation that made the headlines was in mid-March when he bought<\/a> ETHFI just hours before the asset was listed on Upbit, which led to a substantial price uptick.<\/p>\n

His HYPE purchase comes in a rather compelling time for the asset, which has been on a substantial roll lately. After dipping below $27 when the war in Iran started on February 28, the asset surged to $44 by March 18. It slipped again, this time to $34, in early April, but jumped once again, reclaimed the $40 resistance, and now sits at $42.<\/p>\n

HYPE ETF Comes Soon?<\/h2>\n

Perhaps a portion of HYPE\u2019s latest gains could be attributed to the growing hype (no pun intended, seriously) in the race for a spot ETF. As reported<\/a> several weeks ago, Grayscale filed an S-1 for its HYPE ETF application, while the latest development came from Bitwise at the end of the business week.<\/p>\n

You may also like:<\/h3>\n

Bloomberg\u2019s expert on the matter, Eric Balchunas, noted that Bitwise has updated its Hyperliquid ETF application to include the BHYP ticker and set a fee of 67 bps. He concluded that such moves \u201ctypically\u201d mean that the product will see the light of day soon.<\/p>\n

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Bitwise w another update to Hyperliquid ETF includes ticker $BHYP<\/a> and fee 67bps. Typically that means launch soon. HYPE is up 200% in past yr so they prob trying to strike while iron hot pic.twitter.com\/xt5gc9BpSI<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) April 10, 2026<\/a><\/p>\n<\/blockquote>\n

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