Bitwise-linked address buys $2.4M in HYPE from Wintermute

An address believed to belong to Bitwise, a spot Bitcoin ETF issuer and asset manager, withdrew $2.4 million worth of HYPE from crypto market maker Wintermute, according to an analysis by Onchain Lens. In addition to market making, Wintermute provides services including institutional liquidity and over-the-counter (OTC) trading.