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Bitwise Plans HYPE Spot ETF Listing on NYSE With Staking Rewards

Bitwise’s Hyperliquid ETF is now set to begin trading Friday on the New York Stock Exchange under ticker BHYP, offering U.S. investors HYPE exposure with staking yield through Bitwise Onchain Solutions.

HYPE

Summary

Bitwise’s Hyperliquid ETF will begin trading Friday on the New York Stock Exchange under ticker BHYP, updating earlier reports that described the product as a planned HYPE spot ETF. Bitwise said the fund will be the first U.S. ETF to offer Hyperliquid staking yield through Bitwise Onchain Solutions, combining direct HYPE exposure with staking-related returns. The launch follows 21Shares’ debut of its Hyperliquid ETF, THYP, on Tuesday, which recorded about $1.8 million in first-day trading volume.

Terms & Concepts
  • ETF: An exchange-traded fund is a listed investment vehicle that trades on stock exchanges and gives investors exposure to underlying assets.
  • Staking: A process in which crypto assets are committed to network participation or related mechanisms in order to earn yield or rewards.
  • NYSE: The New York Stock Exchange is a major U.S. securities exchange where ETFs and other listed products are traded.