Bitwise: Allocating 10% of BHYP's Management Fee to HYPE Buyback

BlockBeats News, May 18th, Bitwise Asset Management announced that its Bitwise Hyperliquid ETF (BHYP) will allocate 10% of the management fee revenue to continuously hold HYPE on its balance sheet.

Bitwise stated that this mechanism is in line with the Hyperliquid's "community-first" tokenomics model, where approximately 99% of protocol revenue is used for buyback and burn of HYPE, creating a closed-loop structure of "protocol growth - token value feedback." Bitwise claimed that this action aims to further strengthen the value linkage between the ETF and the underlying protocol, aligning the management fee income with ecosystem growth.