Bitwise launches Hyperliquid ETF with 0.67% fee and BHYP ticker as major asset managers pursue HYPE exposure.
Ecosystem ·
Bitwise has secured a 0.67% fee structure and BHYP ticker symbol for its Hyperliquid ETF, marking a significant step toward bringing HYPE token exposure to traditional asset managers. The filing advance has drawn interest from major institutional players including Grayscale and VanEck, which are pursuing their own HYPE products as the token gains broader recognition.
Hyperliquid's HYPE token has climbed to new price levels amid accumulation by institutions and notable figures. Grayscale-linked addresses have accumulated over $40 million worth of HYPE tokens in recent days, while Arthur Hayes has accumulated approximately $1 million in HYPE. Recent price movements have been accompanied by significant liquidation activity and ETF-linked buying interest.
The competitive landscape for HYPE exposure products remains fluid, with multiple asset managers pursuing separate vehicles. It is not yet clear whether other ETF applications will match Bitwise's fee or which competing products will reach market first.