Bitwise transferred 73,167 HYPE tokens, valued at approximately $5.45 million, from its Hyperliquid spot ETF (BHYP) wallet to market maker Cumberland, according to on-chain data tracked by Onchain Lens. The transfer was completed on the HyperEVM blockchain and may indicate potential selling activity. The move follows a week of significant outflows from the BHYP fund, which recorded net outflows of approximately $12.07 million in the prior period.