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

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

Hyperliquid News today centres on a landmark institutional milestone. Bitwise added HYPE to its Bitwise 10 Crypto Index ETF on July 9 at a 0.95% weight. The move followed $1.34 trillion in first-half trading volume and a 165% year-to-date rally, crypto.news reported.

Hyperliquid News Today: HYPE Market Snapshot

HYPE trades at $67.49, down 1.59% over 24 hours, according to CoinMarketCap. The token ranks #9 with a $17.08 billion market cap. Daily volume stands at $374,175,508 as of 11 July 2026, 07:30 PM IST.

Over 7 days, HYPE gained about 1.80%, per CoinGecko. That beat the global crypto market's 1.00% rise. The token still sits below its $76.70 all-time high from June 16, 2026.

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, crypto.news reported. Polkadot and Avalanche lost their seats.

Holdings data dated July 7 place HYPE near a 0.95% weight. That makes it the fund's fifth-largest holding, according to BeInCrypto. Bitcoin still dominates BITW at 77.54%. Full details appear in crypto.news coverage of the rebalance.

Why Hyperliquid Earned Its Seat

The numbers made the case. Hyperliquid recorded $1.34 trillion in trading volume across the first half of 2026. Protocol revenue reached $320 million over the same period, per crypto.news. HYPE also delivered a 165% year-to-date gain before inclusion. 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 Block reported. The letter argues current rules were built for custodial intermediaries, not onchain code.

The groups made three requests. First, publishing onchain protocol software alone should not trigger exchange or clearinghouse registration. Second, registered firms should be able to run clearing and settlement on onchain infrastructure. Third, Phantom's March 2026 no-action relief should become a formal rule.

The filing answers a mid-June request for information from the CFTC and SEC. The groups warned the alternative keeps American users walled off from onchain derivatives, per The Block's report on the letter. Readers can follow related coverage on the latest crypto news hub.

Pantera Report and the Institutional Case for Onchain Perps

Pantera Capital published analysis crediting Hyperliquid with leading onchain perpetual futures into equities and commodities. Cointelegraph reported the findings via TradingView News. The report highlighted 24/7 trading and the absence of contract expiries.

This institutional recognition strengthens the Hyperliquid latest news narrative. It frames the platform as infrastructure that could challenge traditional derivatives venues.

Token Unlocks, Buybacks, and HYPE ETF Flows

Hyperliquid crossed $1 billion in cumulative protocol revenue on June 30, per DeFiLlama data cited by BeInCrypto. About 99% of trading fees flow into open-market HYPE buybacks through the Assistance Fund, according to Tokenomist data.

The July 6 unlock released 9.92 million HYPE, worth around $645 million. BeInCrypto reported 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. Only about 22% of HYPE's 1 billion maximum supply circulates today, BeInCrypto noted, keeping future unlocks in focus.

HYPE Price Levels and Market Sentiment

Sentiment is improving but cautious. The Crypto Fear and Greed Index rose to 26 (Fear) on July 11 from 23 a day earlier, per CoinGabbar market data. Total crypto market cap climbed 1.2% to $2.28 trillion.

Technically, HYPE faces immediate resistance at its $76.70 record high. BeInCrypto analysis suggests a breakout could target a measured move near $88. Immediate support sits at $63.66, with major support at $55.41. Data indicates the larger uptrend breaks only below the $42 confluence. Traders may watch these zones alongside the crypto price prediction section for structured forecasts, though outcomes remain uncertain.

Singapore's MAS added Hyperliquid to its Investor Alert List in late June, per BeInCrypto. Regulatory scrutiny remains a counterweight to the bullish institutional flow.

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 Block noted.

The next monthly HYPE unlock lands on August 6, per CoinMarketCap data. Whether buyback and ETF demand absorbs that supply will test the current structure. Daily market context is available in CoinGabbar's crypto market update.

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)

Hyperliquid's mechanism that routes protocol fee revenue into open-market HYPE 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.