The Bitwise Hyperliquid ETF, trading under the ticker BHYP, has achieved $30.5 million in assets under management just five days post-launch. The fund reported $26.9 million in total inflows and an average daily trading volume of $9.2 million. Notably, BHYP is the only spot Hyperliquid ETF that stakes assets in-house and publishes its wallet addresses. Additionally, 10% of the fund's annual management fee is held as HYPE on Bitwise's balance sheet, aligning the issuer's interests with the token's performance.
The launch of Bitwise's ETF follows 21Shares' introduction of its own Hyperliquid ETF, THYP, which has garnered $42.7 million in inflows. Both ETFs saw significant demand this week, with a combined $25.5 million in net inflows on Wednesday. The surge in ETF activity contributed to HYPE reaching a new all-time high above $62, although the price later retreated to around $54.50.
Bitwise Hyperliquid ETF Reaches $30.5M in Assets Within Five Days
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