TLDR
- Kalshi has launched perpetual HYPE futures with US CFTC approval, with no trading fees for a limited period.
- HYPE’s price jumped more than 10% to $59.40 after the announcement.
- Open interest in HYPE futures rose 11% to $2.49 billion, surpassing the OI of XRP futures.
- Spot ETF inflows of $2.78 million were recorded on Wednesday, the second positive day this week.
- Calci plans to expand perpetual futures to include DOGE, XLM, SHIB, HBAR and other tokens next.
Kalshi, a US prediction market platform, announced on Thursday that Hyperliquid Perpetual Futures (HYPE) are now available for trading. The launch came after official approval from the US Commodity Futures Trading Commission (CFTC).
Just in: announced as something $ hype Eternity is now available for trading. pic.twitter.com/wa0B62CVei
– Whale Insider (@WhaleInsider) June 11, 2026
HYPE permanent products are available to users in the United States and do not carry an expiration date. Calci also announced no trading fees for a limited time after launch, with no waiting list required to start trading.
This listing is part of Kalshi’s broader “American Perpetuals” product line, which offers perpetual futures contracts regulated by the US Commodity Futures Trading Commission (CFTC). Solana and perpetual XRP were launched under the same program recently, and HYPE is the latest addition.
The CFTC reviews these contracts on a case-by-case basis before approving each listing. Today’s approval of HYPE follows the same process.
Kalshi and Hyperliquid have an existing partnership. The two platforms previously collaborated on HIP-4 infrastructure upgrades, and have expanded into each other’s core business areas.
HYPE price jumps by more than 10%
HYPE’s price rose more than 10% following Calci’s announcement, reaching an intraday high of $59.45. The token was trading at around $59.40 at the time of writing, up from the previous low of $52.70.
Open interest in HYPE futures rose 11% to $2.49 billion in the past 24 hours. This pushed HYPE to outperform XRP in total futures open interest per day. Activity is increasing across Binance, OKX, and Bybit.
HYPE funding rates are positive at 0.006%, according to CoinGlass data. A positive funding ratio means that long traders are paying short traders, which is generally seen as a sign of bullish sentiment. The buy-to-sell ratio stands at 1.09, near its highest level during the month.
ETF flows and technical levels
HYPE spot ETFs recorded inflows of $2.78 million on Wednesday, the second positive inflow day this week, according to SoSoValue data.
On the price chart, The noise It rests above its 50-day exponential moving average (EMA) at $53.47. The RSI is near 46 on the daily chart, and the MACD remains in the negative territory, indicating that the market is still in a corrective phase.
Resistance is located at the 50% Fibonacci retracement level at $57.41. A close above this level could open the way towards $65.07 and then $74.54.
CryptoQuant data shows some overheating signs in both the spot and futures markets, while other metrics remain neutral.
Calci indicated that it plans to list perpetual futures contracts for DOGE, XLM, SHIB, HBAR, SUI, LTC, BCH, LINK, and DOT in the coming days.
