Bitwise Hyperliquid ETF trades over $40M in first three hours
- —BHYP trades on NYSE Arca under ticker BHYP, CUSIP 09175T106
- —Roughly 70% of HYPE is staked, subject to monthly liquidity reviews
- —Sponsor fee is 0.34%, net expense ratio 0% after waivers
- —Hyperliquid recorded about $2.9 trillion in onchain derivatives volume in 2025
Why it matters: The first US spot ETF with in-house staking sets a template for altcoin ETFs and tests institutional demand for HYPE.
Source: Crypto Briefing