HYPE reached new highs above $65 following record ETF inflows, futures participation and trading volumes at Hyperliquid exchange. Is $100 next? Hyperliquid’s native token HYPE continues to rally, possibly targeting $100 as its next all-time high, as inflows to its exchange-traded funds highlight investor demand. Inflows into the HYPE ETFs reached $89 million over the past nine days, which is equivalent to nearly $9.2 million in daily buying pressure. The combined assets under management (AUM) across Bitwise’s BHYP and 21Shares’s THYP climbed to $89 million within days of launch, giving HYPE one of the fastest ETF accumulation curves among crypto investment products. Bitwise CEO Hunter Horseley said BHYP alone recorded roughly $12 million in trading volume during its first 90 minutes of trading. The fund’s assets under management reached $40 million just over a week after launch. HYPE proponent Havoc added that the upcoming Grayscale GHYP product could contribute another $8 million to $12 million in daily inflows. At different average purchase prices, the projected yearly demand could absorb between 8% and 33% of HYPE’s circulating supply. After assuming a 30% to 35% outflow similar to what was seen in the spot Bitcoin ETFs, Havoc estimated yearly net demand between $2.9 billion and $3.6 billion. The analyst described the figures as substantial for a crypto asset with a relatively thin floating supply. Onchain activity also shows growth, with Hyperliquid attracting more than $1.1 billion in net inflows over the past month.