Bitwise Asset Management has introduced the BHYP fund on the New York Stock Exchange, providing investors with spot HYPE exposure and staking rewards. According to NS3.AI, the fund carries a 0.34% sponsor fee and plans to stake a significant portion of its HYPE holdings through Bitwise's in-house staking division. This marks the second US-listed Hyperliquid product to debut this week. Bitwise referenced DeFiLlama data indicating that Hyperliquid processed approximately $2.9 trillion in trading volume in 2025.