According to Huoxing Finance, on-chain data platform Arkham reported that Bitwise’s BHYP clients did not purchase any HYPE for four consecutive days. On Friday, they bought $10.5 million, marking the largest single-day purchase of HYPE by BHYP since acquiring $23.2 million on August 27. Arkham noted that Bitwise has cumulatively purchased $166.3 million worth of HYPE since its launch, making it the largest HYPE ETF to date.
Bitwise BHYP buys $10.5M in HYPE on Friday, the largest single-day purchase since August
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Summary
Bitwise BHYP purchased $10.5 million worth of HYPE on Friday, the largest single-day buy since August 27, according to on-chain data from Arkham. This follows four days of no activity from the client. The ETF update notes that Bitwise has now spent $166.3 million on HYPE since its launch, making it the largest HYPE ETF.
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