{"id":93467,"date":"2026-05-18T23:01:34","date_gmt":"2026-05-18T23:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=93467"},"modified":"2026-05-18T23:01:34","modified_gmt":"2026-05-18T23:01:34","slug":"hype-jumps-on-bitwises-hyperliquid-etf-move-galaxy-secures-bitlicense-in-ny","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=93467","title":{"rendered":"HYPE Jumps On Bitwise\u2019s Hyperliquid ETF Move\u2014Galaxy Secures BitLicense In NY"},"content":{"rendered":"
\n

The entire crypto market opened the week on a turbulent note, with Bitcoin (BTC) giving back about 6% over the past seven days. Even with the broader market\u2019s pullback, Hyperliquid\u2019s native token, HYPE, stood out from the competition.\u00a0<\/p>\n

HYPE Jumps On Bitwise\u2019s 10% Fee-To-Token Plan<\/h2>\n

One of the key drivers behind the altcoin\u2019s Monday strength came from Bitwise. In a post <\/a>on X (previously Twitter), the asset manager said it plans to devote 10% of the management fees from its Bitwise Hyperliquid ETF, BHYP, to holding HYPE on its balance sheet.\u00a0<\/p>\n

Bitwise also said the newly launched fund provides investors with indirect exposure to HYPE tokens, along with staking rewards, giving the product a linkage to the token\u2019s broader value proposition rather than simple spot exposure.<\/p>\n

The result was a noticeable lift in the token\u2019s price action during the session. At the time of writing, the token was hovering near the $50 mark, trading around $46, and edging closer to last year\u2019s all-time highs near $59\u2014roughly 20% away from that peak if momentum continues.<\/p>\n

\"HYPE\"<\/p>\n

Yet despite these positive developments in the Hyperliquid space, Galaxy Digital\u2019s stock told a different story on the same day.\u00a0<\/p>\n

Galaxy\u2019s NYDFS Approval<\/h2>\n

Shares of Galaxy, ticker GLXY, fell by almost 6%, slipping back to around $27.87 to close Monday\u2019s trading session. At the same time, Galaxy also announced <\/a>an important regulatory milestone earlier on Monday.\u00a0<\/p>\n

The company received a BitLicense from the New York State Department of Financial Services (NYDFS), a step that is widely viewed as a sign of expanding institutional access for crypto firms.<\/p>\n

Galaxy said the NYDFS granted GalaxyOne Prime NY, the Galaxy entity designed to serve New York clients, both a BitLicense and a Money Transmission License.\u00a0<\/p>\n

In a statement, Galaxy Founder and CEO Mike Novogratz said New York is home to the deepest pool of institutional capital in the country, emphasizing that digital assets are no longer \u201csitting at the edge\u201d of those allocations. He also noted that Galaxy was built to meet that demand and now can serve New York\u2019s institutions more directly.<\/p>\n

Featured image created with OpenArt, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The entire crypto market opened the week on a turbulent note, with Bitcoin (BTC) giving back about 6% over the past seven days. Even with the broader market\u2019s pullback, Hyperliquid\u2019s native token, HYPE, stood out from the competition.\u00a0 HYPE Jumps On Bitwise\u2019s 10% Fee-To-Token Plan One of the key drivers behind the altcoin\u2019s Monday strength […]<\/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-93467","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\/93467","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=93467"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93467\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}