Bitwise to Hold HYPE Tokens
Analysis based on 7 articles · First reported May 18, 2026 · Last updated May 19, 2026
Bitwise Asset Management's decision to allocate a portion of its BHYP ETF management fees to acquire and stake HYPE tokens directly links the ETF's success to the underlying token's performance, creating a new demand mechanism for HYPE. This move, alongside the launch of Hyperliquid ETFs by Bitwise Asset Management and 21Shares, is expected to increase institutional investment and liquidity in the cryptocurrency market, particularly for HYPE, potentially driving its price higher.
Bitwise Asset Management announced it will use 10% of the management fees from its newly launched Bitwise Hyperliquid ETF (BHYP) to purchase and stake HYPE tokens on its balance sheet. This strategy aligns Bitwise Asset Management's incentives with the Hyperliquid protocol's community-forward model, where 99% of revenue is used for HYPE token buybacks and burns. The BHYP ETF, trading on the New York Stock Exchange, provides investors with indirect exposure to HYPE and staking rewards. This follows the launch of a rival Hyperliquid ETF (THYP) by 21Shares earlier in the week. The HYPE token has seen significant price appreciation, rising over 80% in 2026, and is now a top-10 cryptocurrency by market capitalization. The move by Bitwise Asset Management is seen as a unique structural design for a US altcoin ETF, further solidifying institutional interest in the Hyperliquid ecosystem.
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