HYPE
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HYPE token rallies as Coinbase and Circle back stablecoin model
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The HYPE token surged after Coinbase and Circle committed to Hyperliquid’s AQAv2 upgrade, aligning USDC with the protocol’s yield-sharing framework.
Hyperliquid ETFs have drawn in 172 million dollars since their launch. This comes as the HYPE token reached an all-time high. Meanwhile, U.S. spot Bitcoin ETFs have seen outflows of nearly 5.6 billion dollars over the same period.
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Three US spot HYPE ETFs recorded $161 million in net inflows one month after THYP launched on Nasdaq. The inflows occurred amid restricted direct access for US investors to the Hyperliquid platform.
May 20, 2026 23:02