Why was HYPE added to the Bitwise 10 Crypto Index ETF?

Bitwise added HYPE in its July 9, 2026 rebalance based on market cap rankings and performance. Hyperliquid posted $1.34 trillion in H1 2026 trading volume, $320 million in revenue, and a 165% year-to-date HYPE gain. HYPE entered at roughly a 0.95% fund weight.

What is the HYPE price today?

HYPE trades at $67.49, down 1.59% over 24 hours, with a $17.08 billion market cap and rank #9, according to CoinMarketCap as of July 11, 2026. Daily volume is $374,175,508, and the token is up about 1.80% over seven days, according to CoinGecko.

What is Hyperliquid's all-time high?

HYPE's all-time high is $76.70, reached on June 16, 2026, according to CoinGecko. The token currently trades roughly 11% to 16% below that record, depending on the tracker, consolidating after a strong first half of 2026 driven by ETF inflows and buybacks.

What did Hyperliquid and Phantom ask the CFTC to do?

In a July 9 joint comment letter, the Hyperliquid Policy Center and Phantom asked the CFTC to confirm that publishing onchain software does not trigger registration, allow registered firms to use onchain infrastructure, and codify Phantom's March 2026 no-action relief.

Is Hyperliquid available in the US?

The Hyperliquid platform remains unavailable to US users. Grayscale's Zach Pandl told CNBC that 2027 is a reasonable timeline for regulatory clarity that could allow US access. Meanwhile, US investors can gain exposure through spot HYPE ETFs such as BHYP, THYP, and HYPG.

Which Hyperliquid ETFs can investors buy?

Three US spot products exist: the Bitwise Hyperliquid ETF, BHYP, launched May 15 with a 0.34% fee; the 21Shares Hyperliquid ETF, THYP, launched May 12; and the Grayscale Hyperliquid Staking ETF, HYPG, launched June 3 with a 0.29% fee. Combined BHYP and THYP inflows passed $170 million by early July, according to fund-flow data.

How do token unlocks affect HYPE price?

Monthly unlocks add sell-side supply. The July 6 unlock released 9.92 million HYPE worth around $645 million, but the Assistance Fund reportedly held 4.6 times that amount. About 99% of trading fees fund open-market HYPE buybacks, according to Tokenomist data, absorbing unlock pressure so far.

What are HYPE's key support and resistance levels?

Technical analysis places immediate resistance at the $76.70 record high, with a breakout measured move near $88. Immediate support sits at $63.66 and major support at $55.41. The broader uptrend from January breaks only below the $42 confluence zone.

What did Pantera Capital say about Hyperliquid?

Pantera Capital published a report crediting Hyperliquid with showing how onchain perpetual futures could challenge Wall Street. It highlighted 24/7 trading, no contract expiries, and the platform's expansion into equity and commodity perpetuals.

Which tokens did Bitwise remove from BITW?

Bitwise removed Polkadot, DOT, and Avalanche, AVAX, in the July 9 rebalance while adding HYPE and Stellar, XLM. HYPE entered as the fund's fifth-largest holding ahead of ADA, LINK, LTC, and SUI, with Bitcoin representing 77.54% of the fund, according to Bitwise holdings data.

How much revenue has Hyperliquid generated?

Hyperliquid crossed $1 billion in cumulative protocol revenue on June 30, 2026, according to DeFiLlama data. In the first half of 2026 alone, the protocol generated $320 million in revenue on $1.34 trillion of trading volume.

What is the crypto market sentiment today?

The Crypto Fear and Greed Index rose to 26, indicating Fear, on July 11, 2026, from 23, indicating Extreme Fear, a day earlier, according to CoinGabbar market data. Total crypto market capitalization climbed 1.2% to $2.28 trillion, suggesting panic is easing while caution persists.

Why is Singapore's MAS warning about Hyperliquid?

The Monetary Authority of Singapore added Hyperliquid to its Investor Alert List in late June 2026, following earlier UK warnings. The listing indicates that the platform is not licensed by Singapore's regulator, adding regulatory scrutiny to its growth story.

What is the next big date for Hyperliquid news?

Two dates matter most: the CFTC's review of comment letters filed by the July 9 deadline, which could shape US DeFi derivatives access, and the next monthly HYPE token unlock on August 6, 2026, which will again test buyback and ETF demand against fresh supply.

How much of HYPE's supply is circulating?

Only about 22% of HYPE's 1 billion maximum supply is circulating, based on tokenomics data. Its fully diluted valuation of nearly $64 billion is more than four times its current market capitalization, making the scheduled unlock calendar a key long-term supply risk for holders.

Hyperliquid News Today: HYPE Enters Bitwise 10 ETF After 165% Rally

Bhumika Baghel

July 11, 2026

Hyperliquid News: HYPE enters Bitwise 10 Crypto Index ETF

Hyperliquid News: HYPE Joins Bitwise 10 ETF as CFTC Push Grows

Today's Hyperliquid News centres on a landmark institutional milestone. Bitwise added HYPE to its Bitwise 10 Crypto Index ETF on July 9 at a 0.95% weight. In the biggest Hyperliquid token news of the month, the inclusion followed $1.34 trillion in first-half trading volume and a 165% year-to-date rally.

Hyperliquid News Today: HYPE Market Snapshot

HYPE trades at $67.49, down 1.59% over 24 hours, according to CoinMarketCap live data. The token ranks #9 with near $17 billion market cap. Daily volume stands at $304M as of 11 July 2026, 07:30 PM IST.

That beat the global crypto market's 1.00% rise. Price still sits below the $76all-time high from June 16, 2026.

Metric	Value
HYPE price	$66 (-3% 24h)
Market cap / rank	$16.88 billion / #9
24h volume	$304,175,508
Circulating supply	253.09 million HYPE
7-day change	-6%
All-time high	$76.85 (16 June 2026)

Source: CoinMarketCap Official

HYPE Enters the Bitwise 10 Crypto Index ETF

Bitwise Adds HYPE and XLM, Drops DOT and AVAX

Bitwise rebalanced its flagship BITW fund on July 9, 2026. HYPE and Stellar entered the index. Polkadot and Avalanche lost their seats.

Bitwise said the reconstitution was driven by constituent weight optimization and market cap rankings. The entry weights tell their own story. HYPE joined at 0.93-0.95%, well above Stellar's 0.38%.

That makes the token the fund's fifth-largest holding, ahead of ADA, LINK, LTC and SUI. Bitcoin still dominates BITW at 77.54%.

Why the Protocol Earned Its Seat

The numbers made the case. The platform recorded $1.34 trillion in trading volume across H1 2026. Revenue reached $320 million over the same period.

The token also delivered a 165% year-to-date gain before inclusion. Bitwise CIO Matt Hougan has called the asset "one of the most compelling investment opportunities in crypto", noting that rising platform activity directly benefits holders. CoinGabbar covered the index entry in its earlier Bitwise index inclusion report.

Hyperliquid and Phantom Press the CFTC for DeFi Rules

The Hyperliquid Policy Center and wallet provider Phantom filed a joint comment letter with the CFTC on July 9. The letter argues current rules were built for custodial intermediaries. Onchain code, they say, works differently.

The groups made three requests:

Confirm that publishing onchain protocol software alone does not trigger exchange or clearinghouse registration.
Let registered firms run clearing and settlement on onchain infrastructure.
Turn Phantom's March 2026 no-action relief into a formal rule.

The filing answers a mid-June request for information from the CFTC and SEC. Without change, the groups warned, American users stay walled off from onchain derivatives.

Pantera Report and the Institutional Case for Onchain Perps

Pantera Capital published analysis crediting the protocol with leading onchain perpetual futures into equities and commodities. The report highlighted 24/7 trading and the absence of contract expiries.

Backing from a major crypto asset manager matters here. It frames the platform, which lists 300+ perpetual and spot markets on its official trading venue, as infrastructure that could challenge traditional derivatives exchanges.

Token Unlocks, Buybacks, and HYPE ETF Flows

Cumulative protocol revenue crossed $1 billion on June 30, per DeFiLlama data. About 99% of trading fees flow into open-market token buybacks through the Assistance Fund, according to Tokenomist data.

The July 6 unlock released 9.92 million tokens, worth around $645 million. The buyback fund held roughly 4.6 times that amount. Supply pressure met strong absorption.

ETF demand adds another leg. Combined net inflows into the Bitwise BHYP and 21Shares THYP spot funds passed $170 million by early July, per BeInCrypto. Grayscale's HYPG staking ETF launched June 3 at a 0.29% expense ratio, CNBC reported — CoinGabbar's HYPG launch breakdown covers its fees and staking rewards. Only about 22% of the 1 billion maximum supply circulates today, against a fully diluted valuation near $64 billion.

HYPE Price Levels and Market Sentiment

The Crypto Fear and Greed Index rose to 26 (Fear) on July 11, up from 23 a day earlier, per CoinMarketCap. Total crypto market cap climbed 1.2% to $2.28 trillion. Panic is easing, though caution persists.

On the charts, immediate resistance sits at the $76.70 record high. Analysis suggests a breakout could target a measured move near $88. Immediate support rests at $63.66, with major support at $55.41.

Data indicates the larger uptrend breaks only below the $42 confluence. Traders can weigh these zones against CoinGabbar's Hyperliquid price prediction 2026 and the longer-range HYPE forecast page, though outcomes remain uncertain.

One counterweight persists. Singapore's MAS added the platform to its Investor Alert List in late June, extending earlier UK warnings.

What to Watch Next in Hyperliquid News

Two dated items lead the calendar. The CFTC will now weigh RFI responses filed by the July 9 deadline. Its answer could shape US access to onchain derivatives.

The next monthly unlock lands on August 6, per CoinMarketCap data. Whether buyback and ETF demand absorbs that supply will test the current structure. Scenario-based targets for that window sit in the HYPE price prediction 2026 analysis.

Bitwise's BITW inclusion at a 0.95% weight, backed by $1.34 trillion in H1 volume, defines today's Hyperliquid News picture. Readers may track the CFTC's response and the August 6 unlock while monitoring the $63.66 support level.

Glossary

Perpetual Futures

Derivative contracts with no expiry date, allowing continuous long or short exposure to an asset.

Index ETF

An exchange-traded fund that passively holds a basket of assets tracking a defined index, like BITW's top-10 crypto basket.

Rebalance

A scheduled adjustment of an index fund's holdings and weights based on market cap and eligibility rules.

Token Unlock

The scheduled release of previously locked tokens into circulation, which can add sell-side supply.

Buyback (Assistance Fund)

The protocol's mechanism that routes fee revenue into open-market token purchases.

No-Action Letter

Regulatory relief stating an agency will not recommend enforcement against a specific described activity.

Non-Custodial Wallet

Software that lets users hold their own keys and funds without a third party taking custody.

Fear and Greed Index

A 0-100 sentiment gauge for crypto markets, where low readings signal fear and high readings signal greed.

Disclaimer

This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and past performance does not guarantee future results. Readers should do their own research (DYOR) and consult a registered financial advisor before making any investment decisions.

About the Author Bhumika Baghel

English News Writer at coingabbar.com

Bhumika Baghel is a crypto journalist with over 1.5 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, news articles, and SEO-optimized content. Passionate about providing accurate, engaging, and timely perspectives on the ever-evolving crypto space, Bhumi, as a journalist at Coin Gabbar, focuses on researching and analyzing market trends, writing news reports, and delivering in-depth coverage of cryptocurrency developments, regulatory updates, and emerging blockchain technologies.