{"id":92853,"date":"2026-05-15T20:16:31","date_gmt":"2026-05-15T20:16:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=92853"},"modified":"2026-05-15T20:16:31","modified_gmt":"2026-05-15T20:16:31","slug":"a-little-known-crypto-trade-is-suddenly-pulling-in-etf-money-after-coinbase-move","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=92853","title":{"rendered":"A Little-Known Crypto Trade Is Suddenly Pulling In ETF Money After Coinbase Move"},"content":{"rendered":"<div>\n<p>The race to dominate the emerging<a href=\"https:\/\/www.benzinga.com\/etfs\"> Hyperliquid ETF<\/a> market is accelerating following a major partnership between <strong>Coinbase Global Inc<\/strong> <a class=\"ticker-link\" data-ticker=\"COIN\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\">COIN<\/a>) and the Hyperliquid ecosystem.<\/p>\n<p>The catalyst came after <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52576749\/coinbase-expands-usdc-push-on-hyperliquid-as-onchain-trading-liquidity-accelerates\">Coinbase announced it would become Hyperliquid&#8217;s official treasury deployer<\/a> for USDC liquidity management. Market participants viewed the move as a significant institutional endorsement of the fast-growing decentralized derivatives platform. <\/p>\n<p>The announcement helped fuel a sharp rally in Hyperliquid&#8217;s native HYPE token, which climbed about 14.55% on Thursday, while Hyperliquid-linked ETFs also saw a spike in activity.<\/p>\n<h2 class=\"wp-block-heading\">THYP Sees Record Trading Day<\/h2>\n<p>According to <strong>Michael Friedman<\/strong>, Director of Capital Markets at <strong>21Shares<\/strong>, the firm&#8217;s recently launched <strong>21Shares Hyperliquid ETF<\/strong> <a class=\"ticker-link\" data-ticker=\"THYP\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/THYP\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/THYP\">THYP<\/a>) recorded its strongest trading session since inception.<\/p>\n<p>&#8220;THYP had its best day yet seeing $8.1M in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/etfs\/sector-etfs\/26\/05\/52614938\/a-little-known-crypto-trade-is-suddenly-pulling-in-etf-money-after-coinbase-move?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"A\" little-known crypto trade is suddenly pulling in etf money after coinbase move>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The race to dominate the emerging Hyperliquid ETF market is accelerating following a major partnership between Coinbase Global Inc (NASDAQ:COIN) and the Hyperliquid ecosystem. The catalyst came after Coinbase announced it would become Hyperliquid&#8217;s official treasury deployer for USDC liquidity management. Market participants viewed the move as a significant institutional endorsement of the fast-growing decentralized [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-92853","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/92853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92853"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/92853\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}