# Hyperliquid's HYPE token hits $98 high as Wall Street buys in

> Wall Street ETF buys Hyperliquid's HYPE token for $10.5m in one day.
- Title: Hyperliquid's HYPE token hits $98 high as Wall Street buys in
- Summary: Wall Street ETF buys Hyperliquid's HYPE token for $10.5m in one day. Hyperliquid's HYPE token reached a record $98 price as Bitwise's ETF bought $10.5m worth…
- Keywords: hyperliquid, hype token, bitwise, bhy, hype token price, open interest, wall street, etf, startups, business, Hyperliquid's, HYPE
- Source: Startup Fortune — https://startupfortune.com/hyperliquids-hype-token-hits-a-fresh-record-above-89-as-wall-street-buys-in
- Published: 2026-10-13T02:42:23+00:00
- Read time: 1 min
- Topics: hyperliquid, hype token, bitwise, bhy, hype token price, open interest, wall street, etf, startups, business
## HYPE token hits $98 high
Hyperliquid's HYPE token set a record near $89.60 in early September and later extended its all-time high to roughly $98 on September 23.
## Open interest reaches $18 billion
By late September, Hyperliquid's open interest had reached a record $18 billion.
## Bitwise ETF buys $10.5m in HYPE
Bitwise's spot Hyperliquid ETF, ticker BHYP, resumed accumulating HYPE on Friday, September 4, after a four-day pause, with addresses tied to the fund adding $10.5 million worth in a single session.
## Bitwise's HYPE buying program
Bitwise directs 10% of the management fees it earns from BHYP straight into buying more HYPE for its own balance sheet.
## HYPE token revenue drives value
Hyperliquid's first AQAv2 payout, about $14.5 million in USDC yield routed through Coinbase and Circle on October 3, now funds automatic HYPE buybacks.
## Wall Street ETF adds to position
BHYP began trading on May 15 and is the biggest fund of its kind by tracked HYPE purchases.
## Key takeaway

Hyperliquid's HYPE token reached a record $98 price as Bitwise's ETF bought $10.5m worth in one session.