Bitwise CIO Calls HYPE 'Most Mispriced Asset,' Up 77% Year-to-Date

HYPE8.52%
According to Bitwise CIO Matt Hougan, on Tuesday, Hyperliquid's native token HYPE is "one of the most mispriced assets in crypto," despite delivering 77% gains year-to-date in 2026. Hougan noted that the market underestimates HYPE's impact and value, viewing Hyperliquid primarily as a perpetual futures exchange rather than a "global super app" offering equities, prediction markets, and other assets. Bitwise launched a HYPE exchange-traded fund on the NYSE on Friday, while competitor 21Shares' HYPE fund attracted $1.2 million in net inflows on its first day.
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