21Shares Proposes Hyperliquid ETF, Will HYPE Price Surge to $60?

Jakarta, Pintu News – The HYPE price has attracted considerable attention following a strong rebound from the October low as well as the re-emergence of optimism in the altcoin market.

The recent filing by 21Shares for a Hyperliquid (HYPE) spot ETF has further increased the curiosity of investors across the crypto sector. However, the price is still stuck inside a key resistance zone that has historically often triggered sharp rejections.

Cup and Handle Signal Signals Hype Price Increase of 22%

HYPE prices showed a strong recovery after bouncing off the $33 range, reflecting renewed confidence from buyers after a prolonged period of market decline. This rebound forms a solid foundation and gradually shifts market control from sellers to buyers.

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As accumulation strengthened, the price structure formed a clear cup and handle pattern – a technical formation often considered an early sign of uptrend continuation. Theneckline area around $49 remains an important threshold that separates short-term indecision from broader breakout potential.

However, the tightening consolidation shows increasing buying pressure, suggesting that a clean breakout could occur upon volume confirmation.

Maintaining a position above $45 is crucial to maintain the uptrend structure and validate the ongoing recovery phase. This level has previously been identified as a key resistance target as HYPE eyes $50.

In this context, the long-term projection for HYPE prices remains positive, with upside potential towards $60 if momentum continues and general market sentiment continues to favor accumulation over distribution.

21Shares ETF Strengthens Institutional Trust in Hype Prices

The S-1 filing by 21Shares for the Hyperliquid spot ETF on October 29 has reignited optimism towards HYPE pricing, marking an important step towards institutional integration.

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The move reflects growing interest from asset managers in regulated crypto exposure, while bridging the gap between traditional markets and decentralized finance[DeFi].

Historically, such filings have often been followed by increased market activity as investors begin to anticipate broader participation as regulations become clearer. The presence of these ETFs has the potential to attract new fund flows, deepen liquidity and provide legitimacy that strengthens long-term investor confidence.

Meanwhile, Robinhood (HOODX) recently also listed Hyperliquid for spot trading, further expanding accessibility for users in the United States. These additions complete the ETF narrative by expanding retail reach and increasing liquidity in the secondary market.

Taken together, these achievements reinforce confidence in HYPE’s pricing, while aligning institutional interest with growing retail demand – creating the foundation for ever-increasing market participation.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Hype Price Prediction as 21Shares Files S-1 for HyperLiquid ETF, Can Bulls Push HYPE to $60? Accessed on October 30, 2025
• Coinspeaker. 21Shares Files S-1 to Debut HYPE ETF, Comeback Soon. Accessed on October 30, 2025