Key features of the Bitwise Hyperliquid ETF (BHYP):

Spot exposure to Hyperliquid’s HYPE token

First U.S. Hyperliquid ETF with in-house staking integration

Sponsor fee of 0.34%

Fee waived to 0% for the first month on the fund’s first $500 million in assets

Managed staking through Bitwise Onchain Solutions

Hyperliquid, a Layer 1 blockchain focused on decentralized derivatives trading, has rapidly emerged as one of crypto’s fastest-growing ecosystems. According to Bitwise, the network processed $2.9 trillion in trading volume in 2025, up more than 400% year over year, while capturing roughly 60% of global on-chain derivatives open interest.

The platform, best known for its…

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