ETF

Bitwise is promoting Hyperliquid as a critical piece of financial infrastructure, leveraging its HYPE ETF products to attract institutional capital. The firm argues that Hyperliquid's strong tokenomics and growth in perpetual futures position it well for mainstream adoption despite regulatory challenges.

Bitcoin has bounced above $77,000, but analysts warn that the sustained recovery depends on stabilizing ETF inflows and favorable macro conditions. The market is currently consolidating between key moving averages, suggesting that a decisive directional move awaits a break above or below critical support and resistance levels.

Trump Media & Technology Group has pulled its ETF applications for Bitcoin, pivoting its strategy to utilize the '40 Act structure for greater flexibility. This move comes amid intense competition in the booming U.S. spot Bitcoin ETF market, highlighted by the launch of Morgan Stanley's low-cost offering.