The price of Hype (HYPE) has regained market attention after a strong rebound, fueling renewed optimism across the altcoin sector. The momentum intensified following 21Shares’ filing for a Hyperliquid spot ETF, a move widely seen as a signal of growing institutional interest in decentralized finance (DeFi) assets.
Bought $HYPE.
Built different.Hyperliquid. pic.twitter.com/t3As2ZzQMy
— Sara.hl (@Saram_ath) October 29, 2025
Despite the bullish sentiment, HYPE’s price remains capped below a critical resistance zone , a level that has historically triggered sharp rejections. Analysts suggest that a breakout above this range could mark a key structural shift in its market cycle.
21Shares Spot ETF Sparks Institutional Momentum
Switzerland-based asset manager 21Shares submitted its S-1 registration filing with the U.S. Securities and Exchange Commission (SEC) on October 29, seeking approval for a Hyperliquid Spot ETF. The proposal immediately reignited investor optimism toward the broader DeFi ecosystem.
NEW: 21SHARES FILES S-1 FOR HYPERLIQUID ETF pic.twitter.com/3EAzQJA4Qj
— DEGEN NEWS (@DegenerateNews) October 29, 2025
The filing underscores rising institutional demand for regulated crypto exposure and reflects a narrowing divide between traditional finance and decentralized markets. Historically, such ETF applications have preceded surges in market activity as investors anticipate broader participation once regulatory clarity arrives.
Analysts say a Hyperliquid ETF could attract fresh capital inflows, deepen on-chain liquidity, and bolster long-term investor confidence through regulatory legitimacy, particularly if approved in 2026.
Robinhood Listing Expands U.S. Retail Access
Adding to the momentum, Robinhood recently listed Hyperliquid (HYPE) for spot trading, expanding accessibility for U.S.-based retail investors. The listing complements the ETF narrative by enhancing secondary-market liquidity and widening retail participation in the HYPE ecosystem.
Together, these developments have aligned institutional and retail demand, laying the groundwork for sustained engagement in the Hyperliquid ecosystem. Market sentiment remains strong both structurally and psychologically, with investors closely watching for a breakout beyond current resistance.
Analysts believe the dual catalysts , 21Shares’ ETF application and Robinhood’s listing , could reinforce HYPE’s bullish momentum through the end of 2025, particularly if broader crypto market conditions remain favorable.
