Bitwise Launches Hyperliquid Spot ETF, Utilizing Native Staking

BlockBeats News, May 15th - According to official sources, Bitwise Asset Management has announced the launch of the Bitwise Hyperliquid ETF (BHYP), providing 100% direct spot exposure to HYPE assets and pioneering the use of self-custody staking instead of third-party staking providers. The ETF will begin trading tomorrow.

Bitwise stated that Hyperliquid is one of the world's most significant on-chain trading platforms. In the midst of a geopolitical conflict in the Middle East early Sunday morning and traditional markets closed, institutions did not wait for Monday's opening but turned to Hyperliquid instead. According to DeFiLlama data, Hyperliquid accounts for approximately 60% of the global open interest in on-chain perpetual DEX contracts; according to Chainspect data, it processes 200,000 orders per second and has established a reliable operational record at critical moments. Hyperliquid rapidly achieved significant market adoption without relying on venture capital.

Bitwise stated that the launch of this ETF aims to provide investors with a convenient, low-cost way to participate, with built-in staking rewards. The company also mentioned that as capital markets move to the blockchain, Hyperliquid is poised to be one of the biggest winners.