Yes

>>Novinky

>>Allocating 10% of Hyperliquid ETF fees from bitwise transactions directly into the purchase of HYPE for the ETF's balance sheet.

Allocating 10% of Hyperliquid ETF fees from bitwise transactions directly into the purchase of HYPE for the ETF's balance sheet.

crypthub

7 days ago

Market Momentum

HYPE has risen over 5% in the past 24 hours and more than 13% for the week. The surge follows the launch of Bitwise’s Hyperliquid ETF (BHYP) and recent structural updates. Bitwise will allocate 10% of the ETF’s management fee to buy HYPE for its balance sheet and stake it through its on‑chain solutions arm. BHYP began trading on the NYSE last Friday with a 0.34% sponsor fee, waived for the first month on the initial $500 million of assets. In its first week, BHYP and 21Shares’ THYP attracted over $5.6 million in inflows, with BHYP alone generating $4.31 million in first‑day volume.

ETF Mechanics

The ETF aligns Bitwise’s incentives with the Hyperliquid protocol, tying trading activity directly to token holder benefit. About 99% of Hyperliquid’s trading fees flow to an Assistance Fund that converts fees into HYPE and holds them at a keyless system address. A December vote permanently burned roughly 13% of the circulating supply, about 37 million HYPE. Bitwise’s fee allocation adds a second buy‑back layer: ETF fees purchase HYPE, and the staking tier provides slow compounding after a 15% reward fee. This dual‑source demand reinforces the token’s upward pressure.

Implications for HYPE

BHYP is the first U.S. spot crypto ETF to stake natively through the issuer, exposing Bitwise financially to the token it distributes. HYPE has climbed about 80% year‑to‑date, trading near $48 with a market cap around $12.2 billion, making it the tenth‑largest cryptocurrency. The combined forces of platform trading fees and ETF inflows create a powerful growth engine, while competition with 21Shares’ THYP remains to be seen.