Bitwise CIO Raises Target for Hyperliquid to $600 Trillion as Global Asset Market

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. CIO at Bitwise, Matt Hougan , suggested that it's a mistake to value Hyperliquid using the metrics of a standard crypto application operating within a $3 trillion market. In his view, the DeFi project functions as a financial super app targeting the global traditional asset market, which represents a $600 trillion opportunity. Advertisement The foundation for this thesis is being built in Hyperliquid's real asset sector, where open interest reached a new all-time high of $2.6 billion, doubling over the past two months. Moreover, last week the Hyperliquid network generated nearly 40% of all blockchain fees across the market, outperforming both Ethereum and Solana. HYPE coin sets 2026 price high on Wall Street fuel The current HYPE token price at $47.90, up 20% in May, clearly reflects these institutional sentiments. The asset successfully set new price highs for 2026 and entered a price vacuum zone against Bitcoin at 61,420 sats, where further upside no longer faces major blocks of limit sell orders. HOT Stories XRP-Linked Ripple Never Had Gag Order, Clarifies SEC Veteran; Binance Drops Major Uniswap and Bitcoin Pairs; Crypto Faces Shai-Hulud Malware Again - Morning Crypto Report 250 Million XRP in 24 Hours Hits Ledger Amid Rising Market Recovery Potential Hyperliquid (HYPE) weekly chart with Hougan's post attached, Source: TradingView At the same time, spot HYPE ETFs are expanding rapidly, with combined assets under management (AUM) reaching $18.59 million just four days after launch. Bitwise has already implemented a direct financial linkage for its BHYP ETF by allocating 10% of management fees toward market buybacks of HYPE, followed by staking on the fund's balance sheet. Advertisement Capital rotation is also reflected in the actions of Goldman Sachs , which, according to its Q1 2026 13F filing, opened exposure to HYPE through shares of Hyperliquid Strategies (PURR). You Might Also Like Tue, 05/19/2026 - 07:23 Crypto Stocks Coming to Wall Street By Alex Dovbnya Importantly, the main barrier standing between Hyperliquid and the $600 trillion market - strict U.S. compliance regulation - may be removed within days. According to Bloomberg News, the U.S. administration is preparing a regulatory framework, while SEC Chairman Paul Atkins plans to allow decentralized crypto platforms to trade tokenized versions of securities without requiring approval from the public companies themselves. Advertisement Since Atkins publicly acknowledged that old regulatory frameworks are incompatible with all-in-one blockchain systems, Hyperliquid is effectively receiving a direct legal green light to launch a large-scale on-chain equities market. #Hyperliquid #Bitwise #Hyperliquid Price Prediction