Bitwise to Use BHYP Fees to Add HYPE to Balance Sheet

TLDR

• Bitwise will allocate 10% of BHYP management fees to acquire HYPE for its balance sheet.
• The company confirmed that it will stake the HYPE tokens it holds to generate rewards.
• BHYP began trading on the New York Stock Exchange on Friday.
• HYPE has doubled in price in 2026 and now trades above $44.
• The token holds a market capitalization of more than $10.6 billion excluding stablecoins.
• 21Shares launched a competing Hyperliquid ETF on May 12 and recorded about $10.5 million in net inflows.

Bitwise Asset Management will allocate part of its new ETF fees to acquire HYPE tokens for its balance sheet. The firm said it will direct 10% of management fees from its BHYP fund to accumulate the token. The announcement came days after the ETF began trading on the New York Stock Exchange.

Bitwise and HYPE Strategy Linked to BHYP Fees

Bitwise confirmed the allocation plan in a statement posted on X on Monday. The company said, “Bitwise will be devoting 10% of the Bitwise Hyperliquid ETF (BHYP) management fee to holding HYPE on the Bitwise balance sheet.” It also stated that it will stake the acquired tokens to generate rewards.

The firm linked the move to Hyperliquid’s revenue model and token mechanics. Bitwise said the blockchain directs about 99% of its revenue to buy back and burn HYPE tokens. “In that spirit, we’re pleased to announce … we’re holding HYPE,” the company added.

Bitwise launched the Hyperliquid ETF under the ticker BHYP on Friday. The fund offers indirect exposure to HYPE and staking rewards. The company has not yet released trading volume data for the ETF.

Bitwise filed for a U.S. Hyperliquid ETF last year before other issuers. However, 21Shares launched its competing ETF, 2THYP, on May 12. SoSoValue data shows that 2THYP has recorded about $10.5 million in cumulative net inflows.

Grayscale also filed for a similar product after Bitwise submitted its application. The filings marked growing issuer interest in Hyperliquid-linked investment vehicles. However, Bitwise became one of the early applicants in the segment.

Hyperliquid Network Performance and HYPE Market Data

Hyperliquid has grown into a major onchain trading venue, especially for perpetual futures. Recent data from The Block shows the network generated nearly 40% of all blockchain fees last week. In comparison, Ethereum produced about 14%, while Solana generated close to 10%.

The platform’s native token HYPE has increased sharply this year. The token traded near $22 at the start of 2026. It now trades above $44, reflecting a gain of about 100%.

Market data indicates that HYPE ranks among the top 10 cryptocurrencies by market capitalization, excluding stablecoins. The price increase has coincided with rising activity on the Hyperliquid network.

Bitwise said it will stake the HYPE tokens held on its balance sheet. The firm confirmed that staking will form part of its holding strategy. The ETF continues to trade on the New York Stock Exchange under the ticker BHYP.

The post Bitwise to Use BHYP Fees to Add HYPE to Balance Sheet appeared first on Blockonomi.