Hyperliquid Price Prediction – Bitwise’s BHYP ETF Could Push HYPE Through $50 Soon

Highlights:

• Hyperliquid rises over 18% intraday as trading volume jumps nearly 174%, showing strong bullish momentum.
• Bitwise’s upcoming BHYP ETF is raising hopes for direct HYPE exposure, staking rewards, and stronger institutional demand.
• Hyperliquid’s expansion into oil trading strengthens HYPE’s long-term utility as real-world asset tokenization grows.

Hyperliquid (HYPE) is up exponentially today, despite a relative lack of major price action across the market. At the time of writing, Hyperliquid was trading at $46.10, up 18.29% intraday. Hyperliquid trading volumes are also up parabolically intraday. They are currently up 173.68% to stand at $788.8 million. 

The surging trading volumes alongside the price indicate that FOMO is building and that HYPE could be headed much higher in the short to medium term. The biggest factor driving Hyperliquid’s intraday price action is the rise in news that a Hyperliquid ETF is set to debut on the New York State Exchange.

Bitwise HYPE ETF Driving FOMO Intraday

Bitwise is set to debut a Hyperliquid ETF under the ticker BHYP. The ETF is set to give investors access only to the HYPE token and will also allow staking. In a bid to attract institutional capital to the ETF, Bitwise is giving a fee waiver for the first month for investments up to $500 million.

The ETF also offers staking, which makes it attractive to investors seeking yield on their holdings. The market has reacted positively to this news, as evidenced by intraday price action. That’s because investors expect the ETF to drive demand for HYPE tokens going forward.

Introducing the Bitwise Hyperliquid ETF $BHYP—offering 100% direct exposure to spot HYPE. And the first to use in-house staking, rather than a third-party staking provider.

Starts trading tomorrow.

Why Hyperliquid?
We believe Hyperliquid is one of the most important onchain… pic.twitter.com/Of55iF1AMW

— Bitwise (@Bitwise) May 14, 2026

Since HYPE tokens have deflationary tokenomics, investors expect the surge in institutional capital to push HYPE to new highs in the foreseeable future. Once the ETF makes its official debut, HYPE could be headed to new all-time highs in the short term. Outside of the excitement around the ETF, HYPE  has got a boost from the fact that the Hyperliquid exchange is now handling more non-cryptocurrency transactions. 

Hyperliquid’s Push Into TradFi Instruments Driving HYPE Demand

When the Iran war was driving market volatility, Hyperliquid was handling more oil trades than cryptocurrency trades. This shows that, going forward, Hyperliquid will continue to attract more traditional capital than most cryptocurrencies. Since HYPE underpins the Hyperliquid ecosystem, this development means demand for the token will only increase in the long term.

Bittensor and Hyperliquid are the two networks uniquely positioned to trade independent of the crypto macro [BTC] price action.

Hyperliquid is becoming one of the most important experiments in on-chain market structure – they're pushing beyond crypto perps into real-world asset…

— R.L. ₿ryer (@rBryer23) May 14, 2026

That’s especially because real-world asset tokenization is gaining traction, and could see more instruments traded on-chain. The growing demand for real-world assets also means the Hyperliquid exchange will continue to improve profitability. This, by extension, makes it attractive to new investors looking to pivot into cryptocurrencies but are conscious of use cases. That’s because investors have, in the past, burned their fingers on tokens that generated a lot of FOMO but little utility. 

Rising Risk-on Sentiment Could Push Hyperliquid Higher Long Term

HYPE also stands to benefit from the momentum buildup across risk-on assets. While the cryptocurrency market has yet to show major price action, it remains heavily correlated with US stock indices.

Currently, US stock indices are moving from strength to strength and continue making new highs. If Trump announces that the trip to China is a success, stock indices could rocket even higher. The impact is that this momentum will eventually flow into cryptocurrencies. Those with already strong fundamentals, such as HYPE, stand to benefit the most from such momentum.

The S&P 500 $SPX closes at new all-time highs as the epic stock market rally continues into its 7th week.

This is the strongest single-month rally since November 2020 (+10.8%).

The current 45 day surge (March 30, 2026 low 6,300 area to May 14 7,500) mirrors the record… pic.twitter.com/RfmxhYn9nr

— Financelot (@FinanceLancelot) May 14, 2026

Technical Analysis – HYPE Breaches Critical Resistance as Bulls Take Control

HYPE’s intraday rally has seen it rally through the $44.73 resistance. If HYPE closes the day above the $44.73 resistance, it would be confirmation that bulls are firmly in control.

In such a case, HYPE could rally to $47.92, which is the next major resistance. Pushing through $47.92 could see HYPE rally to new all-time highs. However, if bulls lose momentum and HYPE closes the day below $44.73, a correction to $39.62 could follow. Of these two scenarios, a rally to $47.92, or even prices above $50 higher, is more likely. That’s because of the excitement around the Bitwise HYPE ETF.