Asset management company Bitwise launches HYPE spot ETF and lists on the NYSE

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Techub News reports, according to CoinPost, asset management firm Bitwise announced that on May 15th, it will launch the Hyperliquid (HYPE) spot ETF “BHYP” on the New York Stock Exchange (NYSE).
The ETF will introduce the United States’ first self-custodied staking mechanism, directly staking the HYPE tokens held by the fund through its on-chain operations division, Bitwise On-Chain Solutions, and reflecting the rewards earned into the fund’s performance, aiming to provide investors with additional returns beyond holding spot assets.
Hyperliquid is a high-performance Layer 1 blockchain focused on decentralized derivatives trading.
Data shows that this network’s trading volume in 2025 will reach $2.9 trillion, a 400% year-over-year increase, currently accounting for about 60% of the global on-chain derivatives open interest (OI), and has become an important infrastructure in the on-chain economy.

HYPE16.87%
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