Bitwise's BHYP ETF received 47.39K HYPE tokens (~$3.71M) from Hyperliquid unstaking.
DeFi & Yields ·
Bitwise's BHYP ETF received approximately 47.39K HYPE tokens valued at around $3.71M following an unstaking event on Hyperliquid. The transfer moved the tokens to the ETF's wallet at address 0x6183AeCb22b09b4CB167F2B42C611243C7E74318.
The movement represents a redemption of staked HYPE positions held by the ETF. Bitwise's BHYP product tracks the Hyperliquid ecosystem, and shifts in its token holdings can reflect adjustments to the fund's underlying exposure or rebalancing activity.
It remains unclear whether the unstaking was driven by net redemptions from ETF shareholders, portfolio repositioning, or other operational decisions by Bitwise.