- Bitwise will use 10% of BHYP ETF management fees to buy HYPE tokens
- The company also plans to stake the accumulated HYPE
- Hyperliquid recently led all blockchains in weekly fee generation
- Rival 21Shares’ THYP ETF has already attracted over $10 million in inflows
Bitwise Expands HYPE Exposure
Bitwise Asset Management announced that it will allocate 10% of management fees generated by its newly launched BHYP Hyperliquid ETF toward accumulating HYPE tokens on the company’s balance sheet.
The firm said the move aligns with Hyperliquid’s community-focused economic model, where nearly all blockchain revenue is used to buy back and burn HYPE tokens.
BHYP ETF Adds Staking Rewards
The BHYP ETF debuted on the New York Stock Exchange last week, giving investors indirect exposure to HYPE and staking rewards. Bitwise also confirmed it will stake the HYPE tokens it accumulates through the strategy.
Hyperliquid has become one of the fastest-growing onchain trading ecosystems, particularly in perpetual futures markets.
Hyperliquid Fee Growth Accelerates
According to recent market data, Hyperliquid generated nearly 40% of all blockchain fees last week, outperforming both Ethereum and Solana. The growth has been fueled primarily by heavy perpetual futures trading activity.
HYPE has also surged in 2026, climbing from roughly $22 at the start of the year to over $44, pushing the token into the top 10 cryptocurrencies by market capitalization.
ETF Competition Intensifies
Bitwise was the first asset manager to file for a U.S. Hyperliquid ETF, though rival 21Shares launched first with its THYP ETF earlier this month. THYP has already attracted roughly $10.5 million in cumulative inflows.
