🚨 Bitwise HYPE ETF pledges 10% fees to HYPE buys
Bitwise will devote 10% of its HYPE ETF management fee to buying HYPE on its balance sheet.
Bitwise announced it will devote 10% of its BHYP Hyperliquid ETF management fee to purchasing and holding HYPE tokens on its balance sheet.
The BHYP ETF launched on NYSE on May 15 with a 0.34% sponsor fee, the first US product to offer in-house staking through Bitwise Onchain Solutions.
Combined with 21Shares’ THYP product, the two Hyperliquid ETFs have accumulated over $5.6 million in net inflows since launching last week.