<p>在 <strong>Coinbase Global Inc</strong> (NASDAQ: COIN) 与 Hyperliquid 生态系统之间达成重大合作后，争夺新兴 Hyperliquid ETF 市场的竞争正在加速。</p>
<p>这一催化剂是在 Coinbase 宣布将成为 Hyperliquid 的官方 USDC 流动性管理部署者 后出现的。市场参与者将此举视为对快速增长的去中心化衍生品平台的重大机构认可。</p>
<p>这一公告助推了 Hyperliquid 原生 HYPE 代币的急剧反弹，周四上涨约 14.55%，而与 Hyperliquid 相关的 ETF 也出现了活动激增。</p>
<h2>THYP 创下交易记录日</h2>
<p>根据 <strong>21Shares</strong> 的资本市场总监 <strong>Michael Friedman</strong> 的说法，该公司最近推出的 <strong>21Shares Hyperliquid ETF</strong> (NASDAQ: THYP) 记录了自成立以来最强劲的交易时段。</p>
<p>Friedman 说：&#34;THYP 今天的交易额达到 810 万美元，净流入约 490 万美元，这是它迄今为止表现最好的一天。&#34;</p>
<p>&#34;交易量和流入可能是由多种因素驱动的，包括 HYPE 在当天上涨约 14.55%，成为当天表现最佳的资产。Coinbase 和 Hyperliquid 共同宣布 Coinbase 管理 Hyperliquid 上的 USDC 流动性以及逐步淘汰 USDH 也可能产生了额外的推动力。&#34;</p>
<p><strong>另请阅读：</strong>
<strong>21Shares 在 DeFi 热潮中通过新加密 ETF 大举押注 Hyperliquid</strong></p>
<p>流入势头源于 ETF 发行商急于抓住投资者对超越传统比特币和以太坊的加密基础设施产品日益增长的需求。周五，<strong>Bitwise Hyperliquid ETF</strong> (NYSE: BHYP) 成为首批在美国上市的 具备集成质押能力的现货 Hyperliquid ETF 之一。</p>
<h2>华尔街押注 DeFi 基础设施</h2>
<p>Hyperliquid 已迅速崛起为去中心化金融中增长最快的生态系统之一。根据 BHYP 发布的新闻稿，该 Layer 1 区块链在 2025 年处理了大约 2.9 万亿美元的交易量，同时占据了全球链上衍生品未平仓合约近 60% 的份额。</p>
<p>该平台每秒处理约 200,000 个订单，并通过 HyperEVM 扩展到现货交易、借贷、借款和与以太坊兼容的智能合约。</p>
<p>最近的 ETF 上市表明，华尔街公司越来越看好去中心化交易基础设施可能成为加密货币下一个主要的机构投资主题。</p>
<p><em>图片来源：Shutterstock</em></p>

COIN

THYP

<p>Coinbase Global Inc 已与 Hyperliquid 生态系统建立合作关系，成为 USDC 流动性管理的官方资金部署方。这一合作使 Hyperliquid 的 HYPE 代币上涨了 14.55%，并增加了与 Hyperliquid 相关的 ETF 的交易活动，包括 21Shares Hyperliquid ETF 创下的 810 万美元交易量的纪录</p>

<p>The race to dominate the emerging Hyperliquid ETF market is accelerating following a major partnership between <strong>Coinbase Global Inc</strong> (NASDAQ: COIN) and the Hyperliquid ecosystem.</p>
<div class="lb-trans"><p>在 <strong>Coinbase Global Inc</strong> (NASDAQ: COIN) 与 Hyperliquid 生态系统之间达成重大合作后，争夺新兴 Hyperliquid ETF 市场的竞争正在加速。</p>
</div><p>The catalyst came after Coinbase announced it would become Hyperliquid's official treasury deployer for USDC liquidity management. Market participants viewed the move as a significant institutional endorsement of the fast-growing decentralized derivatives platform.</p>
<div class="lb-trans"><p>这一催化剂是在 Coinbase 宣布将成为 Hyperliquid 的官方 USDC 流动性管理部署者 后出现的。市场参与者将此举视为对快速增长的去中心化衍生品平台的重大机构认可。</p>
</div><p>The announcement helped fuel a sharp rally in Hyperliquid's native HYPE token, which climbed about 14.55% on Thursday, while Hyperliquid-linked ETFs also saw a spike in activity.</p>
<div class="lb-trans"><p>这一公告助推了 Hyperliquid 原生 HYPE 代币的急剧反弹，周四上涨约 14.55%，而与 Hyperliquid 相关的 ETF 也出现了活动激增。</p>
</div><h2>THYP Sees Record Trading Day</h2>
<div class="lb-trans"><h2>THYP 创下交易记录日</h2>
</div><p>According to <strong>Michael Friedman</strong>, Director of Capital Markets at <strong>21Shares</strong>, the firm's recently launched <strong>21Shares Hyperliquid ETF</strong> (NASDAQ: THYP) recorded its strongest trading session since inception.</p>
<div class="lb-trans"><p>根据 <strong>21Shares</strong> 的资本市场总监 <strong>Michael Friedman</strong> 的说法，该公司最近推出的 <strong>21Shares Hyperliquid ETF</strong> (NASDAQ: THYP) 记录了自成立以来最强劲的交易时段。</p>
</div><p>&#34;THYP had its best day yet seeing $8.1M in traded value and net inflows of ~$4.9M,&#34; Friedman said.</p>
<div class="lb-trans"><p>Friedman 说：&#34;THYP 今天的交易额达到 810 万美元，净流入约 490 万美元，这是它迄今为止表现最好的一天。&#34;</p>
</div><p>&#34;Volume and inflows were likely driven by a combination of factors including HYPE being the top performing asset on the day up ~14.55% on the day as of the US close. Additional traction was likely generated by the joint announcement by Coinbase and Hyperliquid around Coinbase managing USDC liquidity on Hyperliquid and a phase out of USDH.&#34;</p>
<div class="lb-trans"><p>&#34;交易量和流入可能是由多种因素驱动的，包括 HYPE 在当天上涨约 14.55%，成为当天表现最佳的资产。Coinbase 和 Hyperliquid 共同宣布 Coinbase 管理 Hyperliquid 上的 USDC 流动性以及逐步淘汰 USDH 也可能产生了额外的推动力。&#34;</p>
</div><p><strong>Read Also:</strong>
<strong>21Shares Bets Big On Hyperliquid With New Crypto ETFs Amid DeFi Boom</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>21Shares 在 DeFi 热潮中通过新加密 ETF 大举押注 Hyperliquid</strong></p>
</div><p>The inflow momentum stems from ETF issuers rushing to capitalize on growing investor appetite for crypto infrastructure products beyond traditional exposure to Bitcoin and Ethereum. On Friday, the <strong>Bitwise Hyperliquid ETF</strong> (NYSE: BHYP), one of the first U.S.-listed spot Hyperliquid ETFs with integrated staking capabilities.</p>
<div class="lb-trans"><p>流入势头源于 ETF 发行商急于抓住投资者对超越传统比特币和以太坊的加密基础设施产品日益增长的需求。周五，<strong>Bitwise Hyperliquid ETF</strong> (NYSE: BHYP) 成为首批在美国上市的 具备集成质押能力的现货 Hyperliquid ETF 之一。</p>
</div><h2>Wall Street Bets On DeFi Infrastructure</h2>
<div class="lb-trans"><h2>华尔街押注 DeFi 基础设施</h2>
</div><p>Hyperliquid has rapidly emerged as one of the fastest-growing ecosystems in decentralized finance. The Layer 1 blockchain processed roughly $2.9 trillion in trading volume in 2025, according to the BHYP launch press release, while commanding nearly 60% of global on-chain derivatives open interest.</p>
<div class="lb-trans"><p>Hyperliquid 已迅速崛起为去中心化金融中增长最快的生态系统之一。根据 BHYP 发布的新闻稿，该 Layer 1 区块链在 2025 年处理了大约 2.9 万亿美元的交易量，同时占据了全球链上衍生品未平仓合约近 60% 的份额。</p>
</div><p>The platform also handles approximately 200,000 orders per second and has expanded into spot trading, lending, borrowing and Ethereum-compatible smart contracts through HyperEVM.</p>
<div class="lb-trans"><p>该平台每秒处理约 200,000 个订单，并通过 HyperEVM 扩展到现货交易、借贷、借款和与以太坊兼容的智能合约。</p>
</div><p>The recent ETF launches suggest Wall Street firms are increasingly betting that decentralized trading infrastructure could become crypto's next major institutional investment theme.</p>
<div class="lb-trans"><p>最近的 ETF 上市表明，华尔街公司越来越看好去中心化交易基础设施可能成为加密货币下一个主要的机构投资主题。</p>
</div><p><em>Image: Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源：Shutterstock</em></p>
</div>

A Little-Known Crypto Trade Is Suddenly Pulling In ETF Money After Coinbase Move

- Coinbase 与 Hyperliquid 合作，以管理 USDC 流动性。  
- Hyperliquid 的 HYPE 代币上涨约 14.55%，推动 ETF 活动激增。  
- 21Shares 的 THYP ETF 交易日创纪录，成交额达 810 万美元。

一个鲜为人知的加密交易在 Coinbase 的举措后突然吸引了 ETF 资金