{"id":74658,"date":"2026-06-28T04:57:36","date_gmt":"2026-06-28T04:57:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitwise-stakes-114-million-in-hype-on-hyperliquid-as-its-spot-etf-doubles-down\/"},"modified":"2026-06-28T04:57:36","modified_gmt":"2026-06-28T04:57:36","slug":"bitwise-stakes-114-million-in-hype-on-hyperliquid-as-its-spot-etf-doubles-down","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitwise-stakes-114-million-in-hype-on-hyperliquid-as-its-spot-etf-doubles-down\/","title":{"rendered":"Bitwise Stakes $114 Million in HYPE on Hyperliquid as Its Spot ETF Doubles Down"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\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 staked 1.775 million HYPE worth roughly $114 million on Hyperliquid, 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 runs the Bitwise Hyperliquid ETF (BHYP), which launched on NYSE Arca on May 15.<\/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\">BHYP directs 10% of its fees to buying and staking HYPE, tying the fund\u2019s growth to protocol revenue.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2><span style=\"font-weight:400\">A $114 Million Onchain Bet<\/span><\/h2>\n<p><span style=\"font-weight:400\">Bitwise moved 1.775 million HYPE, the native token of the Hyperliquid exchange, into the protocol and staked it<\/span><span style=\"font-weight:400\">. At current prices, the deposit is worth roughly $114 million, marking one of the firm\u2019s largest single additions to its Hyperliquid holdings to date.<\/span><\/p>\n<figure id=\"attachment_826608\" aria-describedby=\"caption-attachment-826608\" style=\"width:2316px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-826608\" class=\"wp-caption-text\">Bitwise has staked nearly $114 million worth of HYPE, per Hypurrscan<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\"> <span>Staking<\/span> on Hyperliquid is not a conventional inflation-based reward scheme since all of the incentives are funded by actual protocol revenue, with the fees traders pay to use the platform redistributed to those who <span>stake<\/span> the token. That structure ties Bitwise\u2019s yield directly to how much business the exchange does, rather than to new token issuance.<\/span><\/p>\n<p><span style=\"font-weight:400\">The deposit builds on a position the manager has been accumulating for weeks, with <span>Bitcoin.com<\/span> News reporting earlier purchases, including a single buy of <\/span><a href=\"https:\/\/news.bitcoin.com\/bitwise-buys-77097-hype-5-million-falconx\/\"><span style=\"font-weight:400\">77,097 HYPE<\/span><\/a><span style=\"font-weight:400\"> worth about $5.18 million, as the firm steadily converted fund inflows into staked tokens.<\/span><\/p>\n<h2><span style=\"font-weight:400\">How the ETF Feeds the Position<\/span><\/h2>\n<p><span style=\"font-weight:400\">The accumulation is tied to a product given Bitwise runs the Bitwise Hyperliquid ETF (BHYP), which <\/span><span style=\"font-weight:400\">began trading on NYSE Arca<\/span><span style=\"font-weight:400\"> on May 15. It is one of the first U.S. spot Hyperliquid exchange-traded funds (ETFs) to offer in-house <span>staking<\/span> through its Bitwise Onchain Solutions division.<\/span><\/p>\n<p><span style=\"font-weight:400\">The fund is designed to channel part of its revenue back into the toke with Bitwise directing 10% of BHYP\u2019s management fees toward buying and <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a> HYPE on its own balance sheet, creating a feedback loop in which fund demand translates into onchain accumulation. The ETF debuted with the largest opening day for a U.S. spot <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-altcoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">altcoin<\/a> fund this year, triggering a <\/span><a href=\"https:\/\/news.bitcoin.com\/hyperliquid-jumps-5-as-bitwises-4-3m-hype-etf-debut-triggers-short-squeeze\/\"><span style=\"font-weight:400\">short squeeze<\/span><\/a><span style=\"font-weight:400\"> that lifted HYPE around 5%.<\/span><\/p>\n<p><span style=\"font-weight:400\">That mechanism helps explain the size of the latest <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stake<\/a> because, as assets in BHYP grow, the share of fees routed into HYPE grows with them, giving the firm a structural reason to keep adding to its position rather than treating each purchase as a one-off trade.<\/span><\/p>\n<h2><span style=\"font-weight:400\">A Crowded Race for Hyperliquid Exposure<\/span><\/h2>\n<p><span style=\"font-weight:400\">Bitwise is not alone in chasing Hyperliquid as 21shares, with its THYP product, and Grayscale, which has entered the HYPE ETF competition with a <\/span><a href=\"https:\/\/news.bitcoin.com\/grayscale-enters-hype-etf-competition-with-nasdaq-listing-plan\/\"><span style=\"font-weight:400\">Nasdaq listing plan<\/span><\/a><span style=\"font-weight:400\">, are also vying for a slice of the same market. Not only that, spot HYPE ETFs collectively logged one of the <\/span><a href=\"https:\/\/news.bitcoin.com\/hype-etf-strongest-altcoin-debut-whale-coinbase-prime\/\"><span style=\"font-weight:400\">strongest altcoin debuts<\/span><\/a><span style=\"font-weight:400\"> on record, absorbing a meaningful share of the token\u2019s circulating supply within their first weeks.<\/span><\/p>\n<p><span style=\"font-weight:400\">The competition has highlighted how quickly Hyperliquid has moved from a niche derivatives venue to a mainstream institutional target. With HYPE\u2019s market value in the billions, even small allocations from regulated funds can translate into large onchain flows, as Bitwise\u2019s $114 million <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stake<\/a> illustrates.<\/span><\/p>\n<p><span style=\"font-weight:400\">In any case, the firm\u2019s growing pile of staked HYPE is now a public signal of that conviction, and rivals racing to launch competing products suggest the contest for Hyperliquid exposure is only beginning.<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitwise-stakes-114-million-hype-hyperliquid-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) 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\u2019s growth to protocol [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74659,"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\/74658"}],"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=74658"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74659"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}