Bitwise’s Hyperliquid ETF has crossed the threshold of holding over 1 million HYPE tokens, surpassing $62 million in assets under management. According to a social media post, Bitwise validators have accumulated a total of 7.8 million HYPE tokens, valued at approximately $580 million. The broader U.S. Hyperliquid ETF ecosystem has seen net inflows exceeding $117 million, as HYPE trades at $73.39 with a daily volume of $3.62 billion.
Bitwise’s Hyperliquid ETF has surpassed the milestone of holding more than 1 million HYPE tokens. This pushes the fund’s total assets beyond $62 million less than two weeks after its listing on NYSE Arca.
Significant shares of the ETF holdings generate yield for its investors. According to a recent post, Bitwise validators have accumulated a total of 7.8 million HYPE tokens, now valued at approximately $580 million.
Launched on May 15, BHYP offers investors direct spot exposure to HYPE. Bitwise decided to waive its 0.34% sponsor fee on the first $500 million worth of assets under management.
One of the ETF’s distinguishing features is its internally developed staking infrastructure. This allows the firm to fully control the process and manage potential slashing risks.
Any staking rewards earned by the Hyperliquid ETF are distributed to investors after applicable fees. Meanwhile, Hyperliquid is trading at $73.39 with a 24-hour trading volume of $3.62 billion.
Inflow analysis shows that BHYP has been accumulating significant amounts of HYPE tokens since launch. It happens amid the continuous expansion of Hyperliquid into the derivatives industry.
Designed as a proof-of-stake Layer 1 blockchain, Hyperliquid specializes in on-chain perpetual trading. All trading fees generated by the protocol go to staking.
ETF competition in the rapidly expanding Hyperliquid space is rising fast. Together, U.S. Hyperliquid ETFs have seen inflows in excess of $117 million over just about 10 days of trading.
