- Bitwise stated its Hyperliquid ETF BHYP will listing on the New York Inventory Alternate, turning into the primary US ETF to supply Hyperliquid staking rewards.
- Hyperliquid HYPE was up about 13%% over the previous 24 hours, with a market capitalization of about $10.5 billion, rating ninth amongst cryptocurrencies excluding stablecoins and remaining among the many prime 15 by buying and selling quantity.
- Bitwise stated BHYP shouldn’t be registered below the Funding Firm Act of 1940 and subsequently doesn’t obtain the identical investor protections as typical ETFs and mutual funds. It carries a 0.34%% administration payment, which shall be waived on the primary $500 million in property through the first month.
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Bitwise’s Hyperliquid exchange-traded fund will start buying and selling on the New York Inventory Alternate on Could 15.
The fund will commerce below the ticker BHYP and would be the first ETF within the US market to supply Hyperliquid staking rewards, The Block reported on Could 14.
Bitwise plans to function the staking service via its subsidiary, Bitwise Onchain Options. 21Shares, which launched its Hyperliquid ETF THYP on Could 13, has additionally stated it plans to stake a large quantity of HYPE tokens.
Hyperliquid is the biggest on-chain perpetual futures alternate. It has lately been increasing shortly into tokenized commodities and spot crypto buying and selling. Its native token, HYPE, is used to pay platform charges and has persistently ranked among the many prime 15 cryptocurrencies by buying and selling quantity.
“Hyperliquid has emerged as probably the most compelling funding alternatives in crypto as we speak,” Bitwise Chief Funding Officer Matt Hougan stated. He stated that in a Sunday morning in February, when geopolitical tensions have been rising and conventional monetary markets have been closed, the market turned to Hyperliquid for worth discovery.
Hougan added that Bloomberg described Hyperliquid’s crude oil futures contract on the time because the market’s most necessary pricing benchmark.
HYPE was up about 13% over the previous 24 hours as of publication. Its market capitalization was about $10.5 billion, making it the ninth-largest cryptocurrency excluding stablecoins.
Bitwise was the primary asset supervisor to file an S-1 registration assertion for a Hyperliquid ETF, doing so in September 2025. Since then, 21Shares and Grayscale have additionally joined the race to launch related funds.
Bitwise stated BHYP shouldn’t be a registered funding firm below the Funding Firm Act of 1940, that means it’s not topic to the identical investor safety guidelines as typical ETFs and mutual funds. The administration payment is 0.34%, and the agency will waive that payment on the primary $500 million in property through the fund’s first month.
