When powerful financial players like Goldman Sachs, Andreessen Horowitz (a16z), and two major exchange-traded fund (ETF) issuers all converge on the same asset in one quarter, it’s worth investigating.
One such asset, Hyperliquid (CRYPTO: HYPE), is the native token of a blockchain with the same name that’s purpose-built as a crypto exchange centered around financial derivatives
Hyperliquid Strategies (NASDAQ: PURR), a digital asset treasury company that accumulates Hyperliquid, now counts Goldman Sachs among its shareholders. Investment banks and venture capital funds loading up on Hyperliquid and one of its treasury companies doesn’t mean that it’s a must-buy for everyone. Let’s dig into the mechanics of this asset and evaluate whether it’s a smart purchase right now.
The money is flowing in, and it might just be getting started A couple of the gateways for banks and financial institutions on Wall Street to invest in Hyperliquid were recently opened. After the debut of spot Hyperliquid ETFs in mid-May, in just the first seven trading sessions, they attracted $54 million in net capital inflows, with no days of outflows. But ETFs are just one way of getting exposure for the institutional players.