Geopolitics Alpha

HYPE hits record above $90 as Hyperliquid launches manual borrowing

Published . Updated .

HYPE hit a record $90.92 after Hyperliquid opened manual borrowing, letting users borrow stablecoins against HYPE and Bitcoin collateral.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • BHYP BITWISE HYPERLIQUID ETF COM SH

    GA selected BHYP as a RELATED security because its canonical security name directly matches this event's themes: hyperliquid. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • THYP 21SHARES HYPERLIQUID ETF SHS B

    GA selected THYP as a RELATED security because its canonical security name directly matches this event's themes: hyperliquid. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
BHYP———————
THYP———————

HYPE hit a record $90.92 after Hyperliquid opened manual borrowing, letting users borrow stablecoins against HYPE and Bitcoin collateral.

Source: Cointelegraph

The price since 18 Sep 2026: Bitwise Hyperliquid ETF (BHYP) versus the S&P 500

Since the first closing price after “HYPE hits record above $90 as Hyperliquid launches manual borrowing,” Bitwise Hyperliquid ETF (BHYP) is -16.91%. The S&P 500 fund (SPY) is -0.89% over the same days, a -16.02% difference versus the market.

BHYP
SPY

Who gains and who loses around Bitwise Hyperliquid ETF (BHYP)

Companies tied to this story

  • BHYP Bitwise Hyperliquid ETF

    For “HYPE hits record above $90 as Hyperliquid launches manual borrowing,” Bitwise Hyperliquid ETF (BHYP) is linked, with no stored direction, medium confidence. Reason on file: GA selected BHYP as a RELATED security because its canonical security name directly matches this event's themes: hyperliquid. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • THYP 21Shares Hyperliquid Staking ETF

    21Shares Hyperliquid Staking ETF (THYP) is linked, with no stored direction, medium confidence in the 18 Sep 2026 story “HYPE hits record above $90 as Hyperliquid launches manual borrowing.” Reason on file: GA selected THYP as a RELATED security because its canonical security name directly matches this event's themes: hyperliquid. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Bitwise Hyperliquid ETF (BHYP)

On 18 Sep 2026, “HYPE hits record above $90 as Hyperliquid launches manual borrowing” is the story that connects Bitwise Hyperliquid ETF (BHYP) to this story.

Bitwise Hyperliquid ETF (BHYP) is on the page because GA selected BHYP as a RELATED security because its canonical security name directly matches this event's themes: hyperliquid. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

21Shares Hyperliquid Staking ETF (THYP) is here too. Its reason reads: GA selected THYP as a RELATED security because its canonical security name directly matches this event's themes: hyperliquid. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Price levels for Bitwise Hyperliquid ETF (BHYP)

BHYP traded between 43.55 and 54.56 across 20 sessions. The latest close on file is 43.57. THYP traded between 45.12 and 56.13 across 20 sessions. The latest close on file is 45.12.

A simple score for Bitwise Hyperliquid ETF (BHYP)

21 out of 100

“HYPE hits record above $90 as Hyperliquid launches manual borrowing” scores 21 out of 100. The score uses 1 sources, and 2 linked companies.