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Bitwise launches $BHYP ETF for direct Hyperliquid spot exposure with low fees and in-house staking.

Market News
14 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitwise has launched the Hyperliquid ETF ($BHYP), offering investors 100% direct exposure to spot HYPE with in-house staking instead of third-party providers. The fund started trading on May 15, 2026, with a 0.00% expense ratio for the first month, increasing to 0.34% thereafter. Hyperliquid controls about 60% of global onchain perpetual DEX open interest and processes up to 200,000 orders per second, making it a key platform for onchain capital markets. However, $BHYP is not registered under the 1940 Act, meaning it lacks mutual fund protections and carries high risk, including the potential for total loss of investment.

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