Bitwise just dropped a major signal on $HYPE.

They're holding it on their balance sheet and funneling 10% of their Hyperliquid ETF (BHYP) management fees straight into buying the token.

This isn't just an ETF wrapper play. They're putting skin in the game with their own capital.

Why it matters:

TradFi institutions are starting to accumulate native L1 tokens beyond BTC/ETH. This is conviction, not just exposure.

Bitwise managing billions. When they allocate to an asset, it sends a liquidity signal to other funds.

$HYPE already ran hard, but this kind of structural bid from fee flow creates sustained demand over time.

Not financial advice, but when asset managers start treasury allocations into newer L1s, it's worth watching how the narrative evolves.

Keep $HYPE on radar. 👀