Bitwise Says HYPE Remains Undervalued as Hyperliquid Expands Beyond Perps

Bitwise, a digital asset investment firm, has stated that its HYPE fund, which tracks the performance of the Hyperliquid ecosystem, is currently undervalued. This assertion comes as Hyperliquid, a decentralized derivatives exchange, is broadening its offerings beyond perpetual futures contracts. The expansion signals potential growth and increased utility for the platform, which Bitwise believes is not yet fully reflected in the HYPE fund's valuation.