Hyperliquid-linked ETFs are rapidly evolving into one of Wall Street’s newest crypto infrastructure trades, as issuers race to launch products tied to the fast-growing decentralized derivatives ecosystem.

Kam Benbrik, Head of Research at Bitwise Asset Management’s Bitwise Onchain Solutions division, says the story is no longer just about token exposure — it is increasingly about gaining access to verifiable, real-time on-chain financial activity.

“Having a fully onchain order book means that every order and trade is recorded directly on the blockchain,” Benbrik said. “There is no off-chain matching engine and no operator that can reorder or delay transactions in the… Read more on Benzinga