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Bitwise commits 10% of Hyperliquid ETF fees to buying HYPE tokens, boosting token price.

Market News
18 May 2026
Coingape
View Source
Bullish
pluang ai news

Bitwise announced it will allocate 10% of the management fees from its newly launched Hyperliquid ETF to purchase HYPE tokens, supporting the token's value. This move follows the ETF's strong debut, with $4.31 million in day-one trading volume, and highlights Bitwise's confidence in Hyperliquid's community-driven model. The HYPE token price rose over 3% amid this development, reflecting positive market sentiment. The ETF sector for Hyperliquid now holds $12.64 million in net assets, signaling growing investor interest.

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