The proposed fund would give investors exposure to HYPE while also offering staking rewards (returns from locking crypto), according to the announcement.
Bitwise plans to list a HYPE spot ETF (exchange-traded fund) on the New York Stock Exchange, with the product designed to include staking rewards. The announcement indicates the fund would provide investors with direct exposure to HYPE while also passing through staking returns, a structure that could appeal to market participants seeking both price exposure and yield. No launch date or additional terms were provided in the source.