Bitwise Launches Innovative Hyperliquid ETF Amid Growing Market Competition
Hyperliquid ETF Race Heats Up As Bitwise Launches Staking-Powered BHYP Fund
Benzinga
Image: Benzinga
Bitwise Asset Management has launched the Bitwise Hyperliquid ETF (NYSE:BHYP), the first U.S. ETF to feature in-house staking through Bitwise Onchain Solutions. This fund aims to meet rising investor demand for decentralized finance products, providing spot exposure to the HYPE token, which has seen significant growth in trading volume and market cap.
- 01The Bitwise Hyperliquid ETF (BHYP) features a sponsor fee of 0.34%, waived to 0% for the first month on the first $500 million in assets.
- 02Hyperliquid processed $2.9 trillion in trading volume in 2025, marking a 400% increase year-over-year.
- 03The HYPE token has entered the top 10 cryptocurrencies by market capitalization, exceeding $11 billion.
- 0421Shares has also launched two U.S.-listed HYPE-linked ETFs, intensifying competition in the Hyperliquid ETF market.
- 05Hyperliquid's platform can handle approximately 200,000 orders per second and has expanded into various decentralized finance services.
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Bitwise Asset Management has launched the Bitwise Hyperliquid ETF (NYSE:BHYP), marking a significant entry into the rapidly expanding market for Hyperliquid-linked investment products. This fund, which begins trading on Friday, is notable for being the first U.S. ETF to incorporate in-house staking through Bitwise Onchain Solutions. It aims to meet the growing investor demand for decentralized finance (DeFi) products beyond traditional cryptocurrencies like Bitcoin and Ethereum. The Bitwise Hyperliquid ETF offers spot exposure to the HYPE token, which has become one of the top 10 cryptocurrencies by market cap, exceeding $11 billion. Additionally, the fund features a competitive sponsor fee of 0.34%, waived to 0% for the first month on the initial $500 million in assets. Hyperliquid, a Layer 1 blockchain focused on decentralized derivatives trading, has seen its trading volume soar to $2.9 trillion in 2025, a 400% increase from the previous year. This launch intensifies competition in the Hyperliquid ETF category, with other firms like 21Shares also introducing HYPE-linked ETFs, reflecting the growing institutional and retail interest in DeFi.
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