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Bitcoin is cratering, but a new Wall Street crypto hype is on the rise

From cnbc.com

In one very small, and at least to date obscure, corner of the crypto market, investors are rushing in rather than heading for the exits. So-called HYPE exchange-traded funds are taking in new assets from investors at a time when the leading crypto bets, including bitcoin and ether , are tanking. In May, Bitwise and 21shares launched spot ETFs tracking indexes for HYPE, a decentralized crypto asset that operates on its own blockchain, hyperliquid. The products, which trade under the tickers BHYP and THYP , have raised close to $150 million in assets and since launch have mostly experienced positive net inflow days, ... (full story)

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  • Category: Fundamental Analysis