Bitwise will use 10% of its Hyperliquid ETF (BHYP) management fees to buy and stake HYPE tokens. The ETF saw $8.8M in inflows and $18.5M in trading volume.

Bitwise calls Hyperliquid’s HYPE token one of crypto’s most undervalued assets

The asset manager recently launched a HYPE-based exchange-traded fund and said it will use some of the fees generated to buy the token.