The first Hyperliquid ETF officially began trading on Tuesday, and early signs 
suggest it cleared a key hurdle for a new product: a strong first day relative 
to typical exchange-traded product launches. The fund was approved by the US 
Securities and Exchange Commission (SEC) and was created by crypto asset 
manager 21Shares, with the ETF now trading under the ticker $THYP on the 
Nasdaq. Hyperliquid ETF Launch Recap Bloomberg analyst James Seyffart weighed 
in on the debut Hyperliquid ETF debut, offering what amounted to a clear-but- 
cautious read on the numbers. In a Tuesday post on X, Seyffart said $THYP 
finished the day at $1.8 million in trading, describing it as “very very 
solid” and stronger than an average ETF launch—though not in a category that 
he would label as extraordinary. Related Reading: Circle Banks $200M From 
Giants Like BlackRock In Arc Token Presale, CRCL Jumps 15% Alongside the 
trading activity, 21Shares also shared key launch disclosures. The firm set 
the fund’s management fee at 0.3%. By comparison, Morgan Stanley’s spot 
Bitcoin (BTC) exchange-traded fund, $MSBT, carries the lowest fee at 0.14%. In 
addition to pricing, 21Shares disclosed $1.2 million in net inflows on day one 
for its Hyperliquid ETF, giving investors another datapoint for how quickly 
demand may have formed after the launch. Even so, the broader market context 
may complicate near-term performance expectations. At the time of writing, 
Hyperliquid’s native token, HYPE, was down 3.5%, testing the $40 level as 
support. This decrease coincides with a period of market uncertainty brought 
on by Bitcoin&#8217;s recent retrace after failing to breach $83,000 during last 
week&#8217;s surge. If the $80,000 support breaks, some analysts believe this might 
lead to a new correction. If sentiment worsens again, it could potentially 
weigh on demand for 21Shares’ Hyperliquid ETF offering as well—particularly if 
inflows soften after the initial launch period. Bitwise And Grayscale Update 
HYPE ETF Filings Looking beyond 21shares&#8217; Hyperliquid ETF launch, attention is 
now turning to other issuers. The market is watching Bitwise and Grayscale, 
both of which have updated their spot HYPE ETF filings, strengthening the 
sense that additional products could follow soon. Related Reading: Bitmine ETH 
Holdings Cross 5.2 Million—CEO Announces New Phase For Crypto Markets The 
expectation is that these Hyperliquid ETF efforts by the two asset managers 
may benefit from the current regulatory environment in the country, with a now 
pro-crypto Securities and Exchange Commission led by Paul Atkins. Featured 
image created with OpenArt, chart from TradingView.com

First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details

Australia&#8217;s involvement in securing the Strait of Hormuz highlights a growing 
international commitment to maintaining global trade stability.
The post Australia joins UK-led mission to secure Strait of Hormuz shipping 
lanes appeared first on Crypto Briefing.

Australia joins UK-led mission to secure Strait of Hormuz shipping lanes

Major U.S. financial institutions and market intermediaries are forming a 
consensus that a transition toward tokenized assets and digital money is 
inevitable, according to a new sector in-depth report from Moody’s Ratings. 
The report, published Tuesday and shared with Bitcoin.com News, highlights 
that while tokenized assets are currently live in the United States, their use 
[…]

US Banks Prepare for Tokenization Tipping Point, Moody’s Ratings Finds

CryptoQuant&#8217;s Bitcoin Bull-Bear Cycle Indicator is flashing a green signal for 
the first time since March 2023. Here&#8217;s what it could mean for the asset. 
Bitcoin Now In &#8220;Early Bull&#8221; Phase On CryptoQuant&#8217;s Market Cycle Indicator As 
highlighted by an analyst in a CryptoQuant Quicktake post, the CryptoQuant 
Bitcoin Bull-Bear Market Cycle Indicator has signaled a shift for the 
cryptocurrency recently. This indicator tells us, as its name suggests, about 
the phase of the cycle that BTC is potentially inside right now. Related 
Reading: SUI Surges 40%: Analytics Firm Explains What’s Driving The Rally The 
metric is based on CryptoQuant&#8217;s P&amp;L Index, which combines the data of several 
key on-chain indicators to provide a single score for the network. The P&amp;L 
Index&#8217;s interactions with its 365-day moving average (MA) are considered to 
correspond to phase shifts for BTC. The Bull-Bear Market Cycle Indicator 
captures this relationship by tracking the difference between the two. When 
the Bull-Bear Market Cycle Indicator has a high value on either side of the 
scale, it means that the P&amp;L Index is a significant distance above/below its 
average value from the past year. Such a trend can indicate that the asset is 
in an extreme phase. Similarly, the indicator being close to the zero mark can 
imply the market may be in a phase transition. Now, here is a chart that shows 
how the metric has looked for Bitcoin recently: As displayed in the above 
graph, the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator dropped to a 
deep negative value after the price crash at the start of February. This low 
in the metric coincided with an &#8220;Extreme Bear&#8221; phase reading (shaded in 
purple) for the market. The indicator stayed inside this zone only for a few 
brief instances; however, as the cryptocurrency quickly found some stability. 
Throughout March and April, the metric remained in the &#8220;Bear&#8221; territory 
(blue), suggesting that while the P&amp;L Index wasn&#8217;t at an extreme distance 
below its 365-day MA, it was still low enough to correlate to bearish market 
conditions. As the price recovered, though, the Bull-Bear Cycle Indicator 
became less negative. And finally, with the latest continuation to the rally 
in May, it has left the Bear region altogether, with its value now implying an 
&#8220;Early Bull&#8221; phase (green). Historically, this phase has often been followed 
by bullish transitions for the sector. As the chart below highlights, the 
signal appeared in both 2019 and 2023. It&#8217;s also apparent in the graph, 
however, that a false signal also surfaced in March 2022. &#8220;Instead of 
confirming a new bull market, the signal marked a local top before Bitcoin 
continued its broader downtrend,&#8221; noted the quant. Given this, it now remains 
to be seen which of the two categories the new signal will fall into. Related 
Reading: Bitcoin Exits ‘Panic Zone,’ But Capital Inflows Remain Weak BTC Price 
At the time of writing, Bitcoin is floating around $80,700, down 0.5% in the 
last 24 hours. Featured image from Dall-E, chart from TradingView.com

Bitcoin Cycle Indicator Turns Green For First Time In Years: Early Bull Or Local Top?

Ray Dalio said Bitcoin lacks privacy and its transparency is why central banks 
will not hold it. Bridgewater Associates founder Ray Dalio posted on X on May 
11 that Bitcoin&#8217;s public ledger is the core reason central banks are unlikely…

Ray Dalio rejects Bitcoin as reserve asset

Koch Industries&#8217; success hinges on principle-based management and leveraging 
core strengths for sustainable growth.
The post Charles Koch: Specialization drives business success, the importance of timely exits, and how structure impacts profitability | All-In Podcast appeared first on Crypto Briefing.

Cryptocurrency price in EUR

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