Arthur Hayes Loads Up on HYPE as Bitwise’s Hyperliquid ETF Nears Launch
TL;DR
Arthur Hayes has resumed buying HYPE tokens, acquiring over $1 million worth after a three-month break. His total holdings now exceed 247,000 HYPE, valued at approximately $10.44 million, coinciding with Bitwise's upcoming Hyperliquid ETF launch.
Key points
- Arthur Hayes resumed buying HYPE tokens after a three-month hiatus
- He holds 247,344 HYPE tokens worth approximately $10.44 million
- Bitwise updated its Hyperliquid ETF application with a new ticker and fee
On-chain data reveals that BitMEX’s co-founder and former CEO has begun accumulating HYPE again after a multi-month hiatus. The most recent purchase coincides with the asset’s significant run that drove it to over $40, as well as the latest developments on Bitwise’s HYPE ETF application.
Hayes Buys as Price Rockets
Lookonchain updated earlier on April 11 that the Maelstroms’ executive had spent over $1 million to accumulate 26,022 HYPE tokens. This was his first such purchase in almost three months. Wallets linked to him show that he currently holds 247,344 HYPE, worth around $10.44 million, and he sits on a paper gain of $2.5 million.
Arthur Hayes(@CryptoHayes) bought 26,022 $HYPE($1.1M) again after nearly 3 months.
He now holds 247,334 $HYPE($10.44M) and is up over $2.5M. pic.twitter.com/Qu5FgXTbAb
— Lookonchain (@lookonchain) April 11, 2026 Hayes has been quite active lately in terms of crypto purchases and sell-offs. The latest big accumulation that made the headlines was in mid-March when he bought ETHFI just hours before the asset was listed on Upbit, which led to a substantial price uptick. His HYPE purchase comes in a rather compelling time for the asset, which has been on a substantial roll lately. After dipping below $27 when the war in Iran started on February 28, the asset surged to $44 by March 18. It slipped again, this time to $34, in early April, but jumped once again, reclaimed the $40 resistance, and now sits at $42.
HYPE ETF Comes Soon?
Perhaps a portion of HYPE’s latest gains could be attributed to the growing hype (no pun intended, seriously) in the race for a spot ETF. As reported several weeks ago, Grayscale filed an S-1 for its HYPE ETF application, while the latest development came from Bitwise at the end of the business week. Bloomberg’s expert on the matter, Eric Balchunas, noted that Bitwise has updated its Hyperliquid ETF application to include the BHYP ticker and set a fee of 67 bps. He concluded that such moves “typically” mean that the product will see the light of day soon.
Bitwise w another update to Hyperliquid ETF includes ticker $BHYP and fee 67bps. Typically that means launch soon. HYPE is up 200% in past yr so they prob trying to strike while iron hot pic.twitter.com/xt5gc9BpSI
— Eric Balchunas (@EricBalchunas) April 10, 2026
Q&A
How much HYPE did Arthur Hayes buy recently?
Arthur Hayes purchased 26,022 HYPE tokens for over $1 million.
What is the current value of Arthur Hayes' HYPE holdings?
Hayes' HYPE holdings are currently valued at around $10.44 million.
What updates have been made to Bitwise's Hyperliquid ETF application?
Bitwise updated its Hyperliquid ETF application to include the BHYP ticker and set a fee of 67 basis points, indicating a potential launch soon.
