Hyperliquid is showing renewed buying strength after defending a key support zone, keeping its bullish structure intact. Meanwhile, 21Shares’ staking ETF reflects growing institutional exposure to HYPE and deeper participation in its staking economy, combining market exposure with staking rewards while managing liquidity requirements.
As of now, according to CoinMarketCap data, Hyperliquid is trading at $89.87, with an increase of 1.84% over the past 24 hours and a decrease of 3.44% over the past week.
Hyperliquid Price Targets $94.96 After Strong Micro-Support Reaction
According to prominent crypto analyst More Crypto Online, Hyperliquid is showing signs of renewed strength after reacting positively to a key micro-support zone, keeping the bullish setup intact. The technical analysis suggests that holding this area could provide a foundation for another upward move toward the next resistance level.
The token posted a strong upside reaction from the $86.27–$89.20 range, which has been identified as micro support within the current 1-2 setup. This reaction indicates that buyers remain active around these levels and are attempting to defend the current price structure.
According to the analysis, a sustained break above $94.96 would become the next major objective for bulls. Such a move could strengthen the current recovery and signal that HYPE is gaining enough momentum to challenge higher levels.
The yellow scenario remains the leading setup, suggesting that the bullish path currently has stronger technical support than the alternative scenarios. However, maintaining the $86.27–$89.20 support zone remains important for preserving this outlook.
21Shares Hyperliquid Staking ETF Reaches $71M as Institutional Interest Grows
The data from HypedLaunches further highlights growing institutional interest in Hyperliquid through 21Shares’ Hyperliquid Staking ETF. During its first reporting period, the fund reached $71.17 million in net assets, while its HYPE holdings stood at $71.18 million by June 30, reflecting strong early adoption.
The ETF delivered a 55.31% NAV total return from May 12 to June 30, with 94.43% of its HYPE holdings staked by the end of June. It also passed staking rewards to shareholders, distributing $73,118 during the reporting period.
However, staking introduces a liquidity trade-off because HYPE requires seven days to unbond, followed by a one-day validator lockup. To manage this, the fund generally plans to keep 60% to 100% of its HYPE holdings staked, depending on liquidity needs, redemption patterns, market conditions, and validator performance.
The ETF was renamed the 21Shares Hyperliquid Staking ETF on August 25, making its strategy clearer. With most of its HYPE already participating in staking, the product offers more than price exposure. Continued asset growth could increase the amount of HYPE held and staked through listed investment products.
