Grayscale HYPE: Buying and Staking Dey Boost Demand for Hyperliquid ETF

On-chain data dey show say Grayscale-linked wallets dey buy and stake HYPE, wey dey boost bullish momentum for Hyperliquid as ETF demand dey rise. Trackers for the report yarn say two Grayscale-related wallets buy 510,387 HYPE (about $24.95M) and dem stake the tokens over the past week. Another Arkham data show suspected Grayscale address dey accumulate HYPE across exchange and OTC channels like Wintermute, FalconX, Coinbase, and Flowdesk, with holdings of 176,050 HYPE and dem transfer 149,100 HYPE go a Hyperliquid system address. Other big flows include one Galaxy Digital-linked buyer wey take 158,100 HYPE within two hours, one newly created wallet wey withdraw 536,247 HYPE from Coinbase, and one whale wey deposit $19M USDC before e buy 76,600 HYPE. One a16z-linked whale also reportedly buy 206,325 HYPE before staking. ETF signals confirm wetin dey happen: HYPE spot ETF inflows reportedly hit $53.5M in seven days, Bitwise buy and stake 19.78M HYPE and 21Shares’ Hyperliquid ETF (THYP) see sharp volume jump after launch. Price-wise, HYPE trade around $57, briefly push above $50 and near the prior high about $59.3. Traders dey watch if daily close above the prior high go trigger “price discovery”, or if momentum go fade after ETF strength—especially if staking and inflows reduce liquid supply but supply/demand expectations don already dey priced in.