Bitwise Asset Management just did something unusual for a fund manager: it decided to eat its own cooking. The firm announced on May 18 that it will dedicate 10% of the management fees generated by its new Hyperliquid ETF (ticker: BHYP) to purchasing HYPE tokens, which it plans to hold on its corporate balance sheet and stake through its Bitwise Onchain Solutions division.
Early numbers suggest real demand
BHYP began trading on NYSE Arca around May 15, offering investors 100% direct exposure to the HYPE token along with the potential for staking rewards. The ETF carries a fee cap of 0.67%, with an initial fee waiver covering the first $500 million in assets under management.
The early reception has been strong. BHYP pulled in $8.8 million in net inflows on a recent trading day, with $18.5 million in trading volume following shortly after. The broader HYPE-linked ETF category saw over $11 million in collective daily inflows, outpacing several other digital asset offerings.
Why Bitwise is betting on HYPE’s tokenomics
