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Bitwise's BHYP ETF stakes 1M+ HYPE tokens, offering direct exposure and yield from on-chain derivatives.

Market News
16 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Bitwise's Hyperliquid ETF (BHYP) has quickly accumulated over 1 million HYPE tokens, valued at more than $62 million, just two weeks after launching on NYSE Arca. The fund actively stakes about $55 million of these tokens using Bitwise's proprietary infrastructure, generating yield from Hyperliquid's protocol revenue rather than inflation-based rewards. This direct staking approach reduces counterparty risk and offers investors exposure to a fast-growing on-chain derivatives protocol within a regulated ETF structure. Competitors like 21Shares and Grayscale are also entering the space, but Bitwise's in-house staking gives BHYP a unique edge.

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Kering investigated for not refunding tariff-driven price hikes after Supreme Court ruling

Kering investigated for not refunding tariff-driven price hikes after Supreme Court ruling

Edelson Lechtzin LLP is investigating Kering S.A. for potentially keeping tariff-related price increases on luxury brands like Gucci and Saint Laurent without refunding consumers after the U.S. Supreme Court ruled the tariffs unlawful in February 202...

Market News
Bearish
1 hour ago
Discovery Mining posts strong Q1 2026 profits, advancing brownfield consolidation in Timmins.

Discovery Mining posts strong Q1 2026 profits, advancing brownfield consolidation in Timmins.

Discovery Mining is focusing on brownfield infrastructure consolidation in Timmins, prioritizing integrated metals and operational flexibility over single-asset development. The company reported strong Q1 2026 results with $177.9 million EBITDA and $...

Company Fundamentals
Bullish
4 hours ago
UNDP expands Stellar blockchain use after pilots cut aid costs and improved payment reliability.

UNDP expands Stellar blockchain use after pilots cut aid costs and improved payment reliability.

The United Nations Development Programme (UNDP) has expanded its partnership with the Stellar Development Foundation following successful blockchain payment pilots in multiple countries. These pilots reduced aid distribution costs significantly, such...

Market News
Bullish
4 hours ago
Ethereum forms new buy signal near $1,750, hinting at possible bullish rebound.

Ethereum forms new buy signal near $1,750, hinting at possible bullish rebound.

Ethereum has generated a new Tom DeMark Sequential buy signal on its one-hour chart, suggesting a potential easing of recent selling pressure. Currently trading near $1,770, the key support level is $1,750; staying above this could push Ethereum towa...

Technical Signals
Neutral
4 hours ago
Germanium Mining launches $700K flow-through share offering to fund summer exploration at Lac du Km 35 project.

Germanium Mining launches $700K flow-through share offering to fund summer exploration at Lac du Km 35 project.

Germanium Mining Corp. announced a non-brokered private placement of up to 2,916,666 flow-through units at $0.24 each, aiming to raise $700,000. The funds will support mapping and sampling activities this summer at its Lac du Km 35 project ahead of a...

Company Fundamentals
Bullish
4 hours ago
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