{"id":74119,"date":"2026-06-16T16:23:30","date_gmt":"2026-06-16T16:23:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitwise-buys-another-77097-hype-worth-5-18-million-as-etf-buyback-strategy-ramps-up\/"},"modified":"2026-06-16T16:23:30","modified_gmt":"2026-06-16T16:23:30","slug":"bitwise-buys-another-77097-hype-worth-5-18-million-as-etf-buyback-strategy-ramps-up","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitwise-buys-another-77097-hype-worth-5-18-million-as-etf-buyback-strategy-ramps-up\/","title":{"rendered":"Bitwise Buys Another 77,097 HYPE Worth $5.18 Million as ETF Buyback Strategy Ramps Up"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitwise bought 77,097 HYPE worth about $5.18 million via FalconX on June 15, per Lookonchain.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The firm directs 10% of BHYP ETF fees to buying and staking HYPE, with inflows near $107 million.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The strategy layers onto Hyperliquid\u2019s own buybacks, which absorb about 97% of exchange trading fees.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">Bitwise Keeps Stacking HYPE<\/span><\/h2>\n<p><span style=\"font-weight:400\">Bitwise bought 77,097 HYPE, <\/span><span style=\"font-weight:400\">valued at roughly $5.18 million<\/span><span style=\"font-weight:400\">, through FalconX on June 15, a move that seems to be in line with a broader pattern of accumulation that the asset manager has deployed to build a position in Hyperliquid\u2019s native token. <\/span><span style=\"font-weight:400\">The purchase is not a one-off, given Bitwise has committed to using <\/span><span style=\"font-weight:400\">10% of the management fees<\/span><span style=\"font-weight:400\"> from its spot Hyperliquid exchange-traded fund (ETF) to buy and <span>stake<\/span> HYPE on its own corporate balance sheet.<\/span><\/p>\n<figure id=\"attachment_823518\" aria-describedby=\"caption-attachment-823518\" style=\"width:1664px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-823518\" class=\"wp-caption-text\">Asset manager Bitwise has purchased HYPE tokens worth $518 million on June 15, per Arkham.<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">Bitwise <\/span><a href=\"https:\/\/bitwiseinvestments.com\/newsroom\/bitwise-launches-spot-hyperliquid-etf-bhyp\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">launched BHYP<\/span><\/a><span style=\"font-weight:400\"> on the New York Stock Exchange (NYSE) in May, one of the first U.S. spot Hyperliquid ETFs to offer in-house <span>staking<\/span> through its Bitwise Onchain Solutions division. By <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a> the fund\u2019s holdings, Bitwise aims to pass HYPE\u2019s roughly 2.25% annual <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a> yield through to shareholders rather than letting the tokens sit idle.<\/span><\/p>\n<p><span style=\"font-weight:400\">The fund has been gathering assets quickly as BHYP recorded a net inflow of about <\/span><span style=\"font-weight:400\">$15.5 million<\/span><span style=\"font-weight:400\"> earlier this week, lifting its cumulative net inflows to roughly $107 million since its launch. <\/span><\/p>\n<p><span style=\"font-weight:400\">The buyback design mirrors a mechanism already built into Hyperliquid itself, given nearly 97% of the exchange\u2019s trading fees flow into an onchain Assistance Fund that repurchases HYPE, meaning both the protocol and one of its largest ETF issuers are now programmatically buying the token. That layered demand has helped tighten available supply.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Why the Accumulation Matters<\/span><\/h2>\n<p><span style=\"font-weight:400\">Bitwise is not alone in building a large position because, as <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News reported earlier, wallets linked to venture firm a16z have quietly become the <\/span><a href=\"https:\/\/news.bitcoin.com\/a16z-hype-192-million-stake-whale-exit-2026\/\"><span style=\"font-weight:400\">sixth-largest HYPE holder<\/span><\/a> in the world, having <span style=\"font-weight:400\">accumulated more than $190 million of the token over several weeks.<\/span><\/p>\n<p><span style=\"font-weight:400\">The competitive backdrop is intense as well, given Grayscale\u2019s rival HYPG fund launched with a <\/span><a href=\"https:\/\/news.bitcoin.com\/grayscale-hyperliquid-staking-etf-hypg-lowest-fee\/\"><span style=\"font-weight:400\">market-low 0.29% sponsor fee<\/span><\/a><span style=\"font-weight:400\">, pressuring issuers to differentiate on structure and yield rather than cost alone. Bitwise\u2019s fee-funded buyback and in-house <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a> are central to that pitch.<\/span><\/p>\n<p><span style=\"font-weight:400\">Regardless, tying a firm\u2019s balance sheet and an ETF\u2019s fee revenue to a single token concentrates exposure if HYPE\u2019s price or Hyperliquid\u2019s trading volumes decline. <\/span><span style=\"font-weight:400\">For now, the accumulation continues, raising the question of whether rival issuers will adopt similar buyback models to keep pace.<\/span><\/p>\n<p> <!-- --><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitwise-buys-77097-hype-5-million-falconx\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitwise bought 77,097 HYPE worth about $5.18 million via FalconX on June 15, per Lookonchain. The firm directs 10% of BHYP ETF fees to buying and staking HYPE, with inflows near $107 million. The strategy layers onto Hyperliquid\u2019s own buybacks, which absorb about 97% of exchange [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74119"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74119"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74120"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}