Hyperliquid ETF rewards surge: Can HYPE extend gains further?

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Hyperliquid jumps 18.42% to $69.75 today

Highlights

Bitwise's Hyperliquid ETF reported $9.11 million in net income and reached $128 million in net assets by June 30, 2026.
The ETF began staking HYPE tokens immediately, earning 1,830 HYPE as rewards and channeling liquidity and institutional demand into the Hyperliquid ecosystem.
HYPE/USD trades in a bullish structure with strong momentum signals and is expected to trade between $63.79 and $70.9 over the next several sessions.

ETF staking and asset growth spur institutional liquidity flows

Bitwise's Hyperliquid ETF (BHYP) posted $9.11 million in net income and grew net assets to $128 million by June 30, 2026, in its initial partial quarter, according to Criptolog. Immediate commencement of HYPE token staking by the ETF and the resulting 1,830 HYPE earned as rewards highlight the appeal of on-chain yield and active engagement with the Hyperliquid ecosystem. These developments channel new liquidity and institutional demand directly into HYPE, supporting its current traction.

Bullish momentum affirmed by overbought signals and persistent buyer strength

On the technical front, HYPE/USD trades above the MA-20 ($59.32) and MA-50 ($59.25) on the hourly chart, and remains well above the MA-200 ($48.33) on the daily timeframe. The Ichimoku Kijun level at $60.36 acts as immediate support. Momentum indicators present a strong bias with bullish readings from both MACD and ADX. RSI registers at 77.25, with Stochastic RSI and CCI both signaling overbought territory. Bull/Bear Power continues to favor buyers, and the Awesome Oscillator supports the ongoing uptrend. Intraday activity has shown high volatility with firm buyer control and closes near the session highs, with no visible divergences across momentum or oscillator signals.

Further gains favored as range-bound trading reflects high trend probability

In the near term, HYPE/USD is expected to move within a $63.79–70.9 range over the next two to three sessions, reflecting typical volatility for the current environment. The uptrend probability is estimated at 78%, making further gains more likely than a pullback. A sideways consolidation in this corridor is the baseline scenario. A sustained breakout above $70.9 on high momentum would open additional upside potential, while a close below $60.36 would increase the risk of a correction toward the lower end of the projected range.

Anton Kharitonov, analyst at Traders Union, highlights both the strong institutional engagement and technical momentum behind HYPE. He notes that Bitwise’s active staking and rising fund inflows boost demand, while price action above key averages signals persistent bullish pressure. However, Kharitonov remains cautious due to overbought readings and possible consolidation risks. "Base case remains rangebound within $63.79–70.9 — further upside needs a clean breakout above $70.9 on strong volume," he says.

Earlier, analysts noted that Hyperliquid's HYPE token was outperforming major assets over a mixed period for crypto markets. The latest momentum, coupled with fresh institutional inflows and active staking yield, heightens the importance of closely monitoring the $70.9 breakout level for signals of a sustained trend extension.

Source of Data: HYPE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.