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Bitwise Announces Hyperliquid ETF With Direct Spot HYPE Exposure

The proposed exchange-traded fund would provide 100% direct exposure to HYPE and use in-house staking (locking crypto to earn rewards), according to the post.

Summary

Bitwise said its Hyperliquid ETF (exchange-traded fund) will offer 100% direct exposure to spot HYPE and would be the first to use in-house staking (locking crypto to earn rewards). The post said the product is set to start trading tomorrow, marking a new ETF structure tied to the Hyperliquid ecosystem.

Terms & Concepts
  • Exchange-traded fund (ETF): A listed investment product that lets investors gain exposure to an asset through traditional markets.
  • Spot exposure: Direct exposure to the current market price of an asset rather than derivatives.
  • Staking: Locking crypto to help support a blockchain network and potentially earn rewards.