Lion Group Swaps All SUI to HYPE as VanEck Confirms Hyperliquid ETFs
The post Lion Group Swaps All SUI to HYPE as VanEck Confirms Hyperliquid ETFs appeared on BitcoinEthereumNews.com.
Nasdaq-listed trading platform Lion Group Holding on Thursday said it completed the swapping of its entire SUI holdings into HYPE, the native token of the Hyperliquid blockchain. The plans added weight amid VanEck confirmation to launch HYPE ETFs in the U.S. and Europe and Hyperliquid’s proposed USDH stablecoin. Amid several positive developments, HYPE price skyrocketed more than 22% in a week. Hyperliquid gained popularity among whales and institutional investors, resulting in a rally of more than 1,500% this year. Lion Group Converts SUI to HyperLiquid’s HYPE In a press release on September 11, Lion Group Holding disclosed the completion of a strategic transaction as part of the latest plan to convert its Solana (SOL) and SUI holdings. The firm has converted all of its SUI token holdings into HYPE through BitGo Trust Company. Moreover, the company plans to contribute to the long-term growth of Hyperliquid and participate directly in the Hyperliquid ecosystem. According to Wilson Wang, CEO of Lion Group, the company’s move to hold all Hyperliquid (HYPE) assets is part of the plan to expand LGHL’s trading platform strategy. In addition, participate in the Hyperliquid ecosystem’s growth that moves to redefine the global market structure. As The Coin Republic reported in June, Lion Group raised $600 million from ATW Partners to launch its crypto treasury. The firm initially planned to hold HYPE and other altcoins, including SOL and SUI. At the time of writing, the company holds almost 94,726 HYPE worth over $5.2 million and 6,707 SOL worth $1.5 million. Notably, the Nasdaq-listed firm has approximately one million SUI, worth $3.5 million. LGHL Stock Price Tumbles Lion Group stock price fell 6% to $1.879 on Thursday. The 24-hour low and high were $1.660 and $2.049, respectively. In the latest session, the trading volume has dropped below the average volume of $2.44 million.…
Filed under: News - @ September 11, 2025 11:29 pm