PANews reported on May 29th, citing CoinDesk, that Ryan Rasmussen, Head of Research at Bitwise, stated that investor demand for Hyperliquid exposure is surging with the launch of the HYPE ETF. Bitwise maximizes returns for ETF investors through internal HYPE staking and allocates 10% of its management fees to purchasing HYPE tokens to align with the Hyperliquid community. Rasmussen believes that Hyperliquid could become "one of the systems upon which most traditional financial operations will rely in the future," and its ecosystem is expanding into areas such as perpetual contracts, prediction markets, and spot trading. In Hyperliquid's token economy, "99% of fees are used to buy back and burn HYPE," similar to traditional stock buybacks. Rasmussen acknowledged that regulatory scrutiny of the perpetual contract market in the US, inflation, and geopolitical tensions remain major risks. Wealth managers' focus has shifted from "whether cryptocurrencies will go to zero" to asset allocation, tokenization, and stablecoins.