Bitwise Hyperliquid ETF (NYSE: BHYP) has begun trading, offering spot exposure to Hyperliquid’s native token HYPE plus in-house staking via Bitwise Onchain Solutions.
Hyperliquid recorded $2.9 trillion in 2025 trading volume, over 400% growth year-over-year, and HYPE’s market cap exceeds $11 billion.
BHYP’s Sponsor Fee is 0.34%, reduced to 0% for the first month on the fund’s first $500 million in assets. The fund carries high risk, significant volatility, and the potential for complete loss, and is not registered under the 1940 Act.
Bitwise Hyperliquid ETF (NYSE: BHYP) launches as a spot Hyperliquid product offering exposure to the HYPE token plus in-house staking via Bitwise Onchain Solutions.
Hyperliquid’s token is the tenth-largest crypto asset with a market cap above $11 billion. The ETF starts NYSE trading on May 15, 2026 with a 0.34% Sponsor Fee, set at 0% for the first month on the fund’s first $500 million in assets.
Hyperliquid processed $2.9 trillion in trading volume in 2025, more than 400% above the prior year, and holds about 60% of global onchain derivatives open interest, handling roughly 200,000 orders per second. Bitwise highlights that BHYP carries high risk, significant volatility, and the possibility of complete loss, and it is not registered under the Investment Company Act of 1940.