Hyperliquid Treasury Vehicles Absorb 9% of HYPE Float Ahead of Potential ETF Approval – Blockonomi
TLDR: Hyperliquid DATs now hold nearly 9% of HYPE’s circulating supply, surpassing BTC, ETH, SOL, and BNB float-adjusted. HYPE is the only asset in the DAT dataset currently trading at a positive mNAV, easing fresh capital raises. Legacy sellers distributed holdings before ETF products arrive, lowering the risk of new demand meeting heavy sell pressure….