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.