Bitwise Asset Management has announced that its Bitwise Hyperliquid ETF (BHYP) will allocate 10% of its management fee revenue to purchase and hold HYPE tokens. This initiative is designed to align with Hyperliquid's "community-first" tokenomics model, where nearly 99% of protocol revenue is used to repurchase and burn HYPE, fostering a feedback loop of protocol growth and token value enhancement. Bitwise aims to strengthen the connection between the ETF's performance and the underlying protocol, ensuring that manager returns are closely tied to ecosystem growth.