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Bitcoin Is Crashing and a New Crypto Craze Called HYPE ETFs Is Taking Its Place
CNBCยทMonday, 8 June 2026
Bitcoin has fallen to its lowest price since 2024, rattling crypto investors. But in its place, a new type of investment is gaining buzz โ ETFs linked to Hyperliquid, a decentralised trading platform, whose token is called HYPE. Traders are betting that the next big crypto wave won't be Bitcoin but newer, utility-driven platforms.
Why It Matters
If you follow crypto or have money in Bitcoin, this slump matters. And if you've never heard of Hyperliquid, you're about to hear a lot more about it.
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