Bitwise Launches High-Risk Hyperliquid ETF with Built-In Staking: Invest at Your Own Risk!

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Bitwise Launches Hyperliquid ETF With Built-In Staking

Key Highlights

  • Bitwise launched the Hyperliquid ETF (BHYP) on NYSE, offering spot exposure to HYPE and in-house staking.
  • The ETF is high-risk and may result in total loss due to crypto volatility and limited investor protections.
  • Bitwise highlighted Hyperliquid’s growing role in price discovery during major market events.

Bitwise Asset Management announced that its new cryptocurrency investment fund, the Bitwise Hyperliquid ETF (BHYP), began trading on the New York Stock Exchange today, May 15th.

Easy access to Hyperliquid without holding 

Bitwise says this fund is among the first in the U.S. to directly hold Hyperliquid assets as an exchange-traded product. It also features built-in staking – Bitwise will lock up some of the fund’s tokens to support the network and generate rewards that could increase the fund’s value.

This is a first-of-its-kind project featuring internal staking. The company will hold and lock up tokens to strengthen the network and generate rewards that could increase the fund’s value.

Bitwise warn of potential risk

Bitwise cautions that its ETF isn’t suitable for every investor. It’s a risky investment that could experience large price fluctuations, and investors might lose a portion or all of their money. The company specifically states that investing in BHYP carries a high degree of risk, significant volatility, and the potential for substantial or total loss of investment.

Bitwise also pointed out that this ETF operates differently than typical investment funds, such as standard ETFs or mutual funds, and therefore doesn’t offer the same safeguards. They also cautioned investors that previous success isn’t a promise of future returns.

This ETF has an annual fee of 0.34%, but Bitwise is waiving that fee for the first month, up to the first $500 million invested.

Why Bitwise Is betting on Hyperliquid

Bitwise’s Matt Hougan, the company’s Chief Investment Officer, explained the reasoning behind their new ETF in a recent announcement.

He noted that when global tensions rose in early 2026 and traditional markets shut down, traders continued using Hyperliquid to determine price levels. He added that even major news outlets like Bloomberg cited Hyperliquid’s oil contracts as a key source for pricing information at the time.

According to him, Hyperliquid is currently a very promising investment in the cryptocurrency market.

Growing demand for HYPE product 

This launch positions BHYP as part of a rising trend of cryptocurrency ETFs becoming available in established financial markets. It reflects a broader move by traditional investment products to offer ways to invest in blockchain assets through structured investments.

This week, 21Shares, a financial firm, also revealed its new product, THYP, which will be traded on Nasdaq. This exchange-traded fund (ETF) is set to begin trading this month, alongside another ETF they released on April 30th – the 21Shares 2x Long HYPE ETF.

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2026-05-15 18:29