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

Bitwise CIO Matt Hougan said Hyperliquid is undervalued as HYPE gains 77% this year and its buyback model drives value.