Bitwise Hyperliquid ETF (BHYP)
Bitwise Hyperliquid ETF: Why The Staking Yield May Not Be Enough
Bitwise Hyperliquid ETF is rated Hold due to weakening buyback support and sharp asset contraction. BHYP's investment case hinges on Hyperliquid's buybacks, which have slowed from $64M to $30M monthly, failing to absorb new HYPE supply. Staking yield is less compelling as buybacks lag unlocks; BHYP trades at a 1.44% discount to NAV amid declining AUM and muted demand.
After Bitcoin Crash, Can the hype for HYPE ETFs Continue?
As Bitcoin and Ethereum struggle, new HYPE ETFs are attracting strong inflows, backed by staking rewards and token buybacks.
Bitwise Launches Spot Hyperliquid ETF (BHYP); Offers Exposure to Leading Onchain Derivatives Exchange, With Staking Rewards
Less than two years after its debut, Hyperliquid's native token has risen to become the tenth-largest crypto asset in the world, with a market cap of more than $11 billion. SAN FRANCISCO, May 14, 2026 /PRNewswire/ -- Bitwise Asset Management, the global crypto asset manager with $11 billion in client assets (as of April 1, 2026), today announced the launch of the Bitwise Hyperliquid ETF (NYSE: BHYP).