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- Bitwise CIO says Hyperliquid targets massive traditional finance markets beyond crypto.
- Hyperliquid trading activity surged while HYPE ETFs attracted strong institutional investor demand.
- Goldman Sachs exposure and regulatory shifts boosted Hyperliquid expansion expectations significantly.
As institutional participation in the tokenized asset and decentralized trading space grows in the global markets, Bitwise CIO Matt Hougan expects that eventually the company will be able to tap into a massive $600 trillion global financial market. Hyperliquid isn’t just a regular crypto application, Hougan says, because Hyperliquid is carving out a space it’s becoming more of a financial infrastructure platform for crypto and traditional assets.
Despite the focus on opportunities in the far broader traditional financial sector, Hougan explained that many investors still like Hyperliquid based on only the current market for digital assets. He made his remarks as Hyperliquid’s trading volume, blockchain fee generation, and institutional investment exposure all picked up the momentum from positive growth. Hyperliquid’s real asset trading segment also hit a new peak, with its total open interest surpassing $2.6 billion, doubling in value since the last two months, and demonstrating a surge in demand for on-chain trading of financial assets without intermediaries.
Network performance also improved markedly, as Hyperliquid collected almost 40% of all fees on the entire market last week, outperforming larger blockchain networks such as Ethereum and Solana in the same time frame.w The HYPE token was holding some of its weekly highs around $47.90 as it surged by about 20% over the month of May, while the asset was approaching a low resistance level against bitcoin of 61,420 sats, which saw limited visible selling pressure.
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Institutional Capital Keeps On Rolling into Hyperliquids.
The institutional exposure associated with Hyperliquid has also been growing fast, given the recent introduction of spot exchange traded funds (ETFs), which reportedly held an aggregate of around $18.59 million after just four days since they began trading. Bitwise also bolstered its direct financial ties with the ecosystem by adopting its BHYP ETF structure, which sees the company’s 10% management fees go to directly acquiring HYPE tokens on the market before staking them on the fund’s ledger.
Additionally, as institutional involvement in tokenized finance continued to rise, Goldman Sachs revealed its involvement in Hyperliquid-linked investments in its latest Q1 2026 filing, under the name Hyperliquid Strategies, also referred to as PURR, in these investments. In addition, regulatory developments in the United States’ gave a shot in the arm to Hyperliquid’s long-term expansion plans as Bloomberg recently reported that regulators are preparing a framework that would enable the tokenized securities trading on decentralized platforms.
Meanwhile, Hyperliquid became even more dominant in the institutional market as both trading volume and ETF exposure increased at the same time as the demand for tokenized assets rose, and Matt Hougan’s $600 trillion market prediction brought the HYPE ecosystem into the spotlight both in the crypto and traditional financial worlds.
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