Bitwise Stakes $114 Million in HYPE on Hyperliquid as Its Spot ETF Doubles Down
Key Takeaways Bitwise staked 1.775 million HYPE worth roughly $114 million on Hyperliquid, per Lookonchain. The firm runs the Bitwise Hyperliquid ETF (BHYP), which launched on NYSE Arca on May 15. BHYP directs 10% of its fees to buying and staking HYPE, tying the fund’s growth to protocol revenue. A $114 Million Onchain Bet Bitwise…