$HYPE HYPE Defies the Market to Close Higher – Institutions Are Loading Up HYPE currently at $73, closing strong amid broad market weakness, once again approaching its all-time high. Key catalyst: The Grayscale Hyperliquid Staking ETF (HYPG) officially launched on Nasdaq today, with a management fee of just 0.29% – the lowest among its peers. Grayscale's Head of Research called Hyperliquid a "breakout success story in crypto this cycle." On the fund flow front, cumulative net inflows into U.S. spot HYPE ETFs have reached $137 million, with Bitwise's ETF adding another $3.14 million in a single day. Notably, while Bitcoin ETFs recorded a record $1.42 billion in outflows last week, HYPE ETFs attracted inflows instead – a clear sign of institutional capital rotation. On-chain data shows that 99% of Hyperliquid's trading fees are used to buy back and burn HYPE, creating a deflationary flywheel. The protocol has already bought back over $1.3 billion worth of HYPE, including $192 million in Q1 2026 alone. Total value locked stands at $5.82 billion. The market drops, HYPE rises. Institutions are voting with their money – $73 is not the top, it's a new starting line.#HYPE：灰度质押型ETF明日上市 #Anthropic递交招股书：正式启动IPO #美伊交战升级，WTI原油逼近$95 $BTC $SOL