Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?

Investors are withdrawing money from Hyperliquid-linked exchange-traded funds for the first time since the products launched. Data from SoSoValue shows that the three funds have recorded more than $13 million in net outflows in July, putting them on course for their first negative month after attracting about $280 million since inception. Nearly $27 million ...
Coins in this story
Related stories

Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall
US spot Bitcoin ETFs took in roughly $999 million over seven straight days of inflows from July 14 to July 22, according to data from Farside Investors. Four straight outflow days followed, pulling about $526 million back out through July 28. Across the broader window from May 29 to July 28, daily totals imply roughly […] The post Forget ETF flows, Bitcoin’s...

Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps
The DCG-owned company previously cut 35% of staff in January 2023 citing tough market conditions....

Three Fed officials just voted for a rate hike as Bitcoin hangs by a thread on a $62,000 shelf
The Federal Reserve held its benchmark rate at 3.50% to 3.75% on July 29 in a 9-3 vote that showed real division inside the committee: Beth Hammack, Neel Kashkari and Lorie Logan all preferred a quarter-point increase. That was the first time since September 2016 that three policymakers dissented in the same direction. Bitcoin briefly […] The post Three Fed ...