ICE Chief Sprecher Calls Hyperliquid 'Bigger Than Nasdaq' as HYPE Run Draws TradFi Notice

Crypto Insight Summary: Jeff Sprecher, founder and CEO of Intercontinental Exchange (ICE), the roughly $90 billion owner of the New York Stock Exchange, called decentralized exchange Hyperliquid "bigger than Nasdaq" at the Bernstein Strategic Decisions Conference, citing its small team of about 11 people. HYPE, Hyperliquid's token, has gained approximately 70% over the past 30 days, reached an all-time high of $67, and is the 11th-largest cryptocurrency at a roughly $15 billion market cap, while Hyperliquid itself holds about $5.9 billion in total value locked as the largest decentralized perpetual futures exchange. US spot HYPE ETFs from Bitwise and 21Shares attracted more than $100 million in combined net inflows within their first 10 trading sessions, with Bitwise committing 10% of its fund's management fees to HYPE purchases and staking. Grayscale filed a fourth amendment to its spot HYPE ETF registration, renaming the product the Grayscale Hyperliquid Staking ETF (ticker GHYP, to list on Nasdaq), and VanEck has Crypto Insight Analysis: Direction: Bullish HYPE Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Positive institutional attention and ETF inflows boost HYPE's momentum.