Bitwise Reports Surging Investor Demand for Hyperliquid Exposure with New HYPE ETFs
Bitwise Asset Management reports strong investor demand for Hyperliquid (HYPE) exposure following the launch of its HYPE ETF product BHYP. Ryan Rasmussen, Bitwise's Head of Research, highlighted the firm's strategy of staking HYPE in-house to maximize yield for ETF investors and allocating 10% of management fees to buy HYPE tokens for its balance sheet to align with the Hyperliquid community. Bitwise publicly shares wallet addresses for its HYPE ETF reserves to enable on-chain verification. Rasmussen views Hyperliquid as infrastructure that could become a backbone for traditional finance, citing growth in perp futures, prediction markets, and spot trading. He also referenced the Coinbase-Hyperliquid partnership on USDC liquidity as institutional momentum. Regulatory scrutiny and macro uncertainties remain risks, with traditional exchanges pushing regulators to examine Hyperliquid more closely. Bitwise believes Hyperliquid benefits from a friendlier regulatory climate, with tokenomics where 99% of platform fees buy and burn HYPE tokens, creating a narrative similar to stock buybacks. Rasmussen noted that financial advisors now ask about portfolio allocation, tokenization, and stablecoins rather than questioning crypto's viability.
Key facts
- Bitwise launched HYPE ETF BHYP, seeing strong investor demand.
- Bitwise stakes HYPE in-house and allocates 10% of fees to buy HYPE.
- Bitwise publicly shares wallet addresses for HYPE ETF reserve transparency.
- Rasmussen calls Hyperliquid infrastructure for future traditional finance.
- 99% of Hyperliquid platform fees used to buy and burn HYPE tokens.