{"id":83327,"date":"2026-05-29T09:10:56","date_gmt":"2026-05-29T02:10:56","guid":{"rendered":"https:\/\/hbbgroup.net\/bitwise-bets-hyperliquid-could-power-future-finance-as-hype-etfs-gain-traction\/"},"modified":"2026-05-29T10:34:24","modified_gmt":"2026-05-29T03:34:24","slug":"bitwise-bets-hyperliquid-could-power-future-finance-as-hype-etfs-gain-traction","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/bitwise-bets-hyperliquid-could-power-future-finance-as-hype-etfs-gain-traction\/","title":{"rendered":"Bitwise \u0111\u1eb7t c\u01b0\u1ee3c r\u1eb1ng Hyperliquid c\u00f3 th\u1ec3 tr\u1edf th\u00e0nh n\u1ec1n t\u1ea3ng cho h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh t\u01b0\u01a1ng lai khi c\u00e1c qu\u1ef9 ETF g\u1eafn v\u1edbi HYPE ng\u00e0y c\u00e0ng thu h\u00fat s\u1ef1 quan t\u00e2m."},"content":{"rendered":"<div data-overlay-container=\"true\">\n<header id=\"main-navigation\" data-module-name=\"navigation\" data-module-version=\"1.0.0\" data-module-instance=\"default\"><\/header>\n<div data-theme=\"light\" data-module-name=\"page\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<div data-module-name=\"article-header\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<p><strong>Bitwise cho bi\u1ebft nhu c\u1ea7u c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ed1i v\u1edbi c\u00e1c s\u1ea3n ph\u1ea9m ti\u1ebfp c\u1eadn Hyperliquid \u0111ang t\u0103ng m\u1ea1nh khi c\u00e1c qu\u1ef9 ETF m\u1edbi li\u00ean quan \u0111\u1ebfn HYPE li\u00ean t\u1ee5c \u0111\u01b0\u1ee3c ra m\u1eaft.<\/strong><\/p>\n<p><em>C\u1eadp nh\u1eadt ng\u00e0y 28\/05\/2026 l\u00fac 18:36. Xu\u1ea5t b\u1ea3n ng\u00e0y 28\/05\/2026 l\u00fac 18:34. Th\u1eddi gian \u0111\u1ecdc: 2 ph\u00fat.<\/em><\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=coindesk.com\" target=\"_blank\" rel=\"noopener\">Make preferred on <\/a><\/p>\n<\/div>\n<div>\n<p><img decoding=\"async\" src=\"http:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fstaging%2Fac6bf763b67c66aeb40bc1b8d64de9e4fea8527f-2000x1500.png&amp;w=3840&amp;q=75\" alt=\"jwp-player-placeholder\" data-nimg=\"fill\" \/><\/p>\n<\/div>\n<div data-module-name=\"article-body\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<p><strong>Di\u1ec5n bi\u1ebfn m\u1edbi nh\u1ea5t:<\/strong> Bitwise \u0111ang \u0111\u1eb7t c\u01b0\u1ee3c m\u1ea1nh v\u00e0o Hyperliquid, xem \u0111\u00e2y l\u00e0 m\u1ed9t trong nh\u1eefng n\u1ec1n t\u1ea3ng b\u1ee9t ph\u00e1 n\u1ed5i b\u1eadt c\u1ee7a th\u1ecb tr\u01b0\u1eddng crypto trong chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng hi\u1ec7n t\u1ea1i.<\/p>\n<ul>\n<li>\u00d4ng Ryan Rasmussen, Gi\u00e1m \u0111\u1ed1c Nghi\u00ean c\u1ee9u c\u1ee7a Bitwise, cho bi\u1ebft c\u00f4ng ty \u0111ang ghi nh\u1eadn nhu c\u1ea7u r\u1ea5t l\u1edbn t\u1eeb nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ed1i v\u1edbi c\u00e1c s\u1ea3n ph\u1ea9m ETF li\u00ean quan \u0111\u1ebfn HYPE sau khi qu\u1ef9 BHYP \u0111\u01b0\u1ee3c ra m\u1eaft g\u1ea7n \u0111\u00e2y.<\/li>\n<li>Rasmussen cho bi\u1ebft Bitwise t\u1ea1o s\u1ef1 kh\u00e1c bi\u1ec7t b\u1eb1ng c\u00e1ch t\u1ef1 staking HYPE \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a l\u1ee3i su\u1ea5t cho nh\u00e0 \u0111\u1ea7u t\u01b0 ETF.<\/li>\n<li>C\u00f4ng ty c\u0169ng d\u00e0nh 10% ph\u00ed qu\u1ea3n l\u00fd \u0111\u1ec3 mua token HYPE cho b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n c\u1ee7a m\u00ecnh nh\u1eb1m \u201c\u0111\u1ed3ng h\u00e0nh c\u00f9ng c\u1ed9ng \u0111\u1ed3ng Hyperliquid\u201d.<\/li>\n<li>Bitwise c\u00f4ng khai \u0111\u1ecba ch\u1ec9 v\u00ed ch\u1ee9a t\u00e0i s\u1ea3n d\u1ef1 tr\u1eef c\u1ee7a ETF HYPE \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 t\u1ef1 x\u00e1c minh l\u01b0\u1ee3ng n\u1eafm gi\u1eef tr\u1ef1c ti\u1ebfp tr\u00ean blockchain.<\/li>\n<\/ul>\n<h3>\u0110i\u1ec1u n\u00e0y c\u00f3 \u00fd ngh\u0129a g\u00ec?<\/h3>\n<p>Hyperliquid ng\u00e0y c\u00e0ng \u0111\u01b0\u1ee3c nh\u00ecn nh\u1eadn nh\u01b0 m\u1ed9t n\u1ec1n t\u1ea3ng h\u1ea1 t\u1ea7ng t\u00e0i ch\u00ednh thay v\u00ec ch\u1ec9 l\u00e0 m\u1ed9t s\u00e0n giao d\u1ecbch ti\u1ec1n m\u00e3 h\u00f3a.<\/p>\n<ul>\n<li>Rasmussen cho r\u1eb1ng Hyperliquid c\u00f3 th\u1ec3 tr\u1edf th\u00e0nh \u201cm\u1ed9t trong nh\u1eefng h\u1ec7 th\u1ed1ng m\u00e0 ph\u1ea7n l\u1edbn ng\u00e0nh t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng s\u1ebd v\u1eadn h\u00e0nh d\u1ef1a tr\u00ean trong t\u01b0\u01a1ng lai\u201d.<\/li>\n<li>\u00d4ng ch\u1ec9 ra s\u1ef1 t\u0103ng tr\u01b0\u1edfng c\u1ee7a h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u0129nh vi\u1ec5n (perpetual futures), th\u1ecb tr\u01b0\u1eddng d\u1ef1 \u0111o\u00e1n (prediction markets) v\u00e0 giao d\u1ecbch giao ngay (spot trading) l\u00e0 b\u1eb1ng ch\u1ee9ng cho th\u1ea5y h\u1ec7 sinh th\u00e1i \u0111ang m\u1edf r\u1ed9ng v\u01b0\u1ee3t xa th\u1ecb tr\u01b0\u1eddng ng\u00e1ch ban \u0111\u1ea7u.<\/li>\n<li>\u00d4ng c\u0169ng \u0111\u1ec1 c\u1eadp \u0111\u1ebfn c\u1ed5 phi\u1ebfu token h\u00f3a, stablecoin v\u00e0 giao d\u1ecbch 24\/7 nh\u01b0 nh\u1eefng xu h\u01b0\u1edbng c\u00f3 th\u1ec3 mang l\u1ea1i l\u1ee3i \u00edch d\u00e0i h\u1ea1n cho Hyperliquid.<\/li>\n<li>Rasmussen nh\u1eafc \u0111\u1ebfn m\u1ed1i quan h\u1ec7 h\u1ee3p t\u00e1c g\u1ea7n \u0111\u00e2y gi\u1eefa Coinbase v\u00e0 Hyperliquid li\u00ean quan \u0111\u1ebfn thanh kho\u1ea3n USDC nh\u01b0 m\u1ed9t d\u1ea5u hi\u1ec7u cho th\u1ea5y d\u00f2ng v\u1ed1n t\u1ed5 ch\u1ee9c \u0111ang gia t\u0103ng.<\/li>\n<\/ul>\n<h3>Lu\u1eadn \u0111i\u1ec3m t\u0103ng gi\u00e1 (Bull Case)<\/h3>\n<p>Bitwise tin r\u1eb1ng Hyperliquid \u0111ang h\u01b0\u1edfng l\u1ee3i t\u1eeb m\u00f4i tr\u01b0\u1eddng ph\u00e1p l\u00fd thu\u1eadn l\u1ee3i h\u01a1n c\u1ee7a ng\u00e0nh crypto.<\/p>\n<ul>\n<li>Rasmussen cho bi\u1ebft c\u00e1c d\u1ef1 \u00e1n nh\u01b0 Hyperliquid hi\u1ec7n c\u00f3 th\u1ec3 tri\u1ec3n khai c\u00e1c c\u01a1 ch\u1ebf khuy\u1ebfn kh\u00edch token h\u1ea5p d\u1eabn h\u01a1n v\u00ec ng\u00e0nh c\u00f4ng nghi\u1ec7p kh\u00f4ng c\u00f2n qu\u00e1 lo ng\u1ea1i v\u1ec1 c\u00e1c \u0111\u1ee3t si\u1ebft ch\u1eb7t qu\u1ea3n l\u00fd nh\u01b0 nh\u1eefng chu k\u1ef3 tr\u01b0\u1edbc.<\/li>\n<li>\u00d4ng \u0111\u1eb7c bi\u1ec7t nh\u1ea5n m\u1ea1nh m\u00f4 h\u00ecnh tokenomics c\u1ee7a Hyperliquid, cho bi\u1ebft: \u201c99% ph\u00ed \u0111\u01b0\u1ee3c t\u1ea1o ra tr\u00ean n\u1ec1n t\u1ea3ng n\u00e0y \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 mua l\u1ea1i v\u00e0 \u0111\u1ed1t token HYPE\u201d.<\/li>\n<li>Rasmussen so s\u00e1nh c\u01a1 ch\u1ebf n\u00e0y v\u1edbi ho\u1ea1t \u0111\u1ed9ng mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 (stock buyback) tr\u00ean th\u1ecb tr\u01b0\u1eddng truy\u1ec1n th\u1ed1ng, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 d\u1ec5 hi\u1ec3u h\u01a1n v\u1ec1 gi\u00e1 tr\u1ecb c\u1ee7a token.<\/li>\n<li>Bitwise cho bi\u1ebft h\u1ecd nh\u00ecn th\u1ea5y ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n t\u1eeb s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng perpetual futures, t\u00e0i s\u1ea3n token h\u00f3a v\u00e0 h\u1ea1 t\u1ea7ng t\u00e0i ch\u00ednh d\u1ef1a tr\u00ean blockchain.<\/li>\n<\/ul>\n<h3>C\u00e1c r\u1ee7i ro<\/h3>\n<p>Nh\u1eefng lo ng\u1ea1i v\u1ec1 quy \u0111\u1ecbnh ph\u00e1p l\u00fd v\u00e0 kinh t\u1ebf v\u0129 m\u00f4 v\u1eabn l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 \u0111\u00e1ng ch\u00fa \u00fd.<\/p>\n<ul>\n<li>Rasmussen th\u1eeba nh\u1eadn vi\u1ec7c c\u00e1c c\u01a1 quan qu\u1ea3n l\u00fd t\u1ea1i M\u1ef9 gi\u00e1m s\u00e1t ch\u1eb7t h\u01a1n th\u1ecb tr\u01b0\u1eddng perpetual futures c\u00f3 th\u1ec3 t\u1ea1o \u00e1p l\u1ef1c l\u00ean Hyperliquid v\u00e0 c\u00e1c n\u1ec1n t\u1ea3ng t\u01b0\u01a1ng t\u1ef1.<\/li>\n<li>\u00d4ng c\u0169ng \u0111\u1ec1 c\u1eadp \u0111\u1ebfn l\u1ea1m ph\u00e1t, ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t c\u1ee7a Fed v\u00e0 c\u00e1c c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb nh\u01b0 nh\u1eefng y\u1ebfu t\u1ed1 r\u1ee7i ro \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn to\u00e0n b\u1ed9 th\u1ecb tr\u01b0\u1eddng crypto.<\/li>\n<li>Theo c\u00e1c b\u00e1o c\u00e1o, nhi\u1ec1u s\u00e0n giao d\u1ecbch truy\u1ec1n th\u1ed1ng \u0111ang th\u00fac \u0111\u1ea9y c\u01a1 quan qu\u1ea3n l\u00fd xem x\u00e9t Hyperliquid k\u1ef9 l\u01b0\u1ee1ng h\u01a1n khi c\u00e1c \u0111\u1ed1i th\u1ee7 phi t\u1eadp trung ng\u00e0y c\u00e0ng ph\u00e1t tri\u1ec3n.<\/li>\n<li>Rasmussen cho r\u1eb1ng \u0111\u00e2y l\u00e0 ph\u1ea3n \u1ee9ng th\u01b0\u1eddng th\u1ea5y c\u1ee7a c\u00e1c doanh nghi\u1ec7p hi\u1ec7n h\u1eefu khi ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi c\u00f4ng ngh\u1ec7 mang t\u00ednh \u0111\u1ed9t ph\u00e1.<\/li>\n<\/ul>\n<h3>G\u00f3c nh\u00ecn r\u1ed9ng h\u01a1n<\/h3>\n<p>C\u00e1c c\u1ed1 v\u1ea5n t\u00e0i ch\u00ednh hi\u1ec7n \u0111ang chuy\u1ec3n t\u1eeb giai \u0111o\u1ea1n ho\u00e0i nghi sang t\u00ecm hi\u1ec3u c\u00e1ch \u1ee9ng d\u1ee5ng crypto.<\/p>\n<ul>\n<li>Rasmussen cho bi\u1ebft c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n hi\u1ec7n quan t\u00e2m nhi\u1ec1u h\u01a1n \u0111\u1ebfn vi\u1ec7c ph\u00e2n b\u1ed5 danh m\u1ee5c, token h\u00f3a t\u00e0i s\u1ea3n v\u00e0 stablecoin thay v\u00ec \u0111\u1eb7t c\u00e2u h\u1ecfi li\u1ec7u crypto c\u00f3 \u201cv\u1ec1 0\u201d hay kh\u00f4ng.<\/li>\n<li>\u00d4ng cho r\u1eb1ng qu\u00e1 tr\u00ecnh ch\u1ea5p nh\u1eadn t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh v\u1eabn \u0111ang \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u d\u00f9 ng\u00e0y c\u00e0ng c\u00f3 nhi\u1ec1u c\u00f4ng ty qu\u1ea3n l\u00fd h\u00e0ng ngh\u00ecn t\u1ef7 USD t\u00e0i s\u1ea3n b\u1eaft \u0111\u1ea7u quan t\u00e2m.<\/li>\n<li>Rasmussen nh\u1eadn x\u00e9t ch\u1ea5t l\u01b0\u1ee3ng c\u00e1c cu\u1ed9c trao \u0111\u1ed5i v\u1edbi gi\u1edbi c\u1ed1 v\u1ea5n t\u00e0i ch\u00ednh hi\u1ec7n nay \u201ct\u1ed1t h\u01a1n r\u1ea5t nhi\u1ec1u\u201d so v\u1edbi ch\u1ec9 hai n\u0103m tr\u01b0\u1edbc.<\/li>\n<\/ul>\n<p><strong>L\u01b0u \u00fd v\u1ec1 AI:<\/strong> M\u1ed9t ph\u1ea7n n\u1ed9i dung b\u00e0i vi\u1ebft \u0111\u01b0\u1ee3c t\u1ea1o v\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 AI v\u00e0 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111\u1ed9i ng\u0169 bi\u00ean t\u1eadp c\u1ee7a CoinDesk r\u00e0 so\u00e1t nh\u1eb1m \u0111\u1ea3m b\u1ea3o t\u00ednh ch\u00ednh x\u00e1c v\u00e0 tu\u00e2n th\u1ee7 c\u00e1c ti\u00eau chu\u1ea9n bi\u00ean t\u1eadp. \u0110\u1ec3 bi\u1ebft th\u00eam chi ti\u1ebft, vui l\u00f2ng tham kh\u1ea3o ch\u00ednh s\u00e1ch AI \u0111\u1ea7y \u0111\u1ee7 c\u1ee7a CoinDesk.<\/p>\n<\/div>\n<div data-module-name=\"read-next\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" src=\"http:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F3e122c11f3af7ae63f9dd46ee331ad25ceeee3fc-1796x1000.png%3Fauto%3Dformat&amp;w=3840&amp;q=75\" alt=\"calamos\" width=\"1920\" height=\"1080\" data-nimg=\"1\" \/><\/figure>\n<p>Trong b\u1ed1i c\u1ea3nh h\u01a1n 1 t\u1ef7 USD b\u1ecb r\u00fat kh\u1ecfi c\u00e1c qu\u1ef9 ETF Bitcoin giao ngay (spot Bitcoin ETFs) trong tu\u1ea7n qua, Calamos cho bi\u1ebft c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang chuy\u1ec3n h\u01b0\u1edbng sang nh\u1eefng s\u1ea3n ph\u1ea9m Bitcoin c\u00f3 c\u01a1 ch\u1ebf b\u1ea3o v\u1ec7 r\u1ee7i ro gi\u1ea3m gi\u00e1 \u0111\u01b0\u1ee3c t\u00edch h\u1ee3p s\u1eb5n.<\/p>\n<p><a href=\"http:\/\/www.coindesk.com\/coindesk-news\/2026\/05\/28\/calamos-bets-protected-bitcoin-etfs-can-outlast-crypto-market-swings\">Read full story<\/a><\/p>\n<p><em>(\u0110\u1ecdc chi ti\u1ebft t\u1ea1i \u0111\u00e2y)<\/em><\/p>\n<\/div>\n<\/div>\n<hr \/>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Bitwise cho bi\u1ebft nhu c\u1ea7u c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ed1i v\u1edbi c\u00e1c s\u1ea3n ph\u1ea9m ti\u1ebfp c\u1eadn Hyperliquid \u0111ang t\u0103ng m\u1ea1nh [&hellip;]<\/p>","protected":false},"author":5,"featured_media":83328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-83327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/83327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=83327"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/83327\/revisions"}],"predecessor-version":[{"id":83455,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/83327\/revisions\/83455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/83328"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=83327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=83327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=83327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}