Asset management company Bitwise launched a new exchange-traded fund (ETF) today, May 15, 2026. The product is called the Bitwise HyperLiquid ETF and trades on the New York Stock Exchange (NYSE) under the symbol BHYP.
In its first day of trading so far, BHYP has already reported capital inflows amounting to $750,000. The fund is based on Hyperliquid’s native cryptocurrency, HYPE.. It is a decentralized financial network specifically dedicated to trading perpetual futures contracts.
The main novelty of this product is the ability to perform staking without relying on third parties. To achieve this, Bitwise has indicated that it uses its own in-house infrastructure division called Bitwise Onchain Solutions.
Regarding costs, The prospectus states that the fee is 0.34%. Yearly. However, the company will offer a 0% interest rate incentive for the first month on the first $500 million of assets that participate in the fund.
“Hyperliquid has established itself as one of the most attractive investment opportunities in the crypto world,” said Matt Hogan, the company’s chief investment officer. He emphasized that “when geopolitical tensions escalated over the weekend in February (US-Iran conflict) and traditional markets closed, the world turned to hyperliquid to determine prices.”
The launch of Bitwise will increase competition in the US market. As reported by CriptoNoticias, the new fund was added as a direct competitor to an alternative fund called 21Shares Hyperliquid ETF (THYP), which management company 21Shares launched on May 12, which also offers staking returns. The difference is that 21Shares outsources the staking process to an external company called Figment..
Since its debut this week, the 21Shares HYPE ETF has recorded cumulative inflows of $7.42 million, and recorded daily net inflows of $4.9 million yesterday, May 14, according to SosoValue data.
New players will soon join the fight to attract investor capital interested in the network. Grayscale made a presentation before regulators on March 20th to launch its own hyperliquid exchange-traded fund (ETF).
(Tag translation) Altcoin
