Bitwise has announced that its Hyperliquid ETF, labeled 'BHYP', will commence trading on May 15. The ETF will provide direct exposure to HYPE spot assets and utilize Bitwise's proprietary staking model. As of May 13, 2026, Hyperliquid accounts for approximately 60% of the global on-chain perpetual contract DEX open interest and supports processing capabilities of around 200,000 orders per second.