Bitwise Asset Management is adding a balance-sheet crypto accumulation element to its newly launched Hyperliquid ETF strategy. The move ties part of the fund's management-fee income to direct HYPE purchases and staking as Hyperliquid gains share in blockchain fee generation.
Highlights
- Bitwise will allocate 10% of management fees from its Bitwise Hyperliquid ETF (BHYP) to hold and stake HYPE tokens on its balance sheet.
- BHYP launched on the New York Stock Exchange Friday, offering investors indirect exposure to HYPE tokens and staking rewards via a crypto-linked ETF.
- Hyperliquid generated nearly 40% of all blockchain fees last week, significantly outpacing Ethereum at 14% and Solana at 10%, reinforcing its market leadership.
ETF fee allocation and treasury plan
As Bitwise said in a post on X, the asset manager plans to devote 10% of the management fee from its Bitwise Hyperliquid ETF, trading under the ticker BHYP, to holding HYPE on its balance sheet.The company says the recently launched fund gives investors indirect exposure to HYPE tokens and staking rewards. Bitwise also says the HYPE accumulated on its balance sheet will be staked, extending the firm's exposure beyond the ETF's investor offering.
BHYP begins trading on the New York Stock Exchange on Friday, marking Bitwise's latest crypto-linked exchange-traded product tied to a specific blockchain ecosystem. The firm links the decision to Hyperliquid's community-focused model, saying about 99% of the blockchain's revenue is used to buy back and burn HYPE tokens.
Hyperliquid fee momentum shapes crypto market positioning
Hyperliquid is becoming one of the largest onchain trading platforms, especially in perpetual futures. That market position is helping lift the blockchain's revenue profile and giving asset managers a clearer basis for product development tied to the network.Recent data from The Block shows Hyperliquid generates nearly 40% of all blockchain fees last week, ahead of Ethereum at about 14% and Solana near 10%. The fee lead underscores growing activity on the network and supports Bitwise's decision to connect ETF economics with direct HYPE accumulation.
Our earlier report on Tron and BNB Chain’s role in moving funds linked to Iran’s Nobitex exchange outlined how open blockchain networks can be used to process large cross-border flows even when sanctioned entities are involved. The piece also noted that this overlap has intensified scrutiny around potential conflicts and compliance risks where prominent crypto backers and politically connected ventures intersect with global sanctions enforcement.
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