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Bitwise Hyperliquid ETF (BHYP) trades $40M in 3 hours, staking 70% of HYPE tokens with 0% net fees.

Market News
29 Oct 2026, 19:29 WIB
Crypto Briefing
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Bullish
Bitwise Hyperliquid ETF (BHYP) trades $40M in 3 hours, staking 70% of HYPE tokens with 0% net fees.

The Bitwise Hyperliquid ETF (BHYP), which holds and stakes the HYPE token of the Hyperliquid blockchain, traded over $40 million in its first three hours on NYSE Arca. BHYP stakes about 70% of its holdings to earn rewards, while keeping 30% liquid for redemptions. It is the first US spot ETF with in-house staking via Bitwise Onchain Solutions and offers a 0% net expense ratio after fee waivers. Hyperliquid is notable for its large derivatives trading volume, making BHYP an attractive option for investors seeking exposure to this active crypto network. Investors should watch the staking ratio and fee waivers as key factors going forward.

Hyperliquid's HYPE token shows strong activity on Pluang with a market cap of Rp429.47 trillion and a 24-hour trading volume of Rp33.51 trillion as of Oct 29, 2026, 23:42 WIB. The token price is up 19.65% in the last day, reflecting notable investor interest. On Pluang, 59% of order activity is selling while 41% is buying, with a typical hold time of 38 days, indicating active trading alongside the new Bitwise Hyperliquid ETF launch.

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