Bitwise Publishes $BHYP Hyperliquid ETF Wallet Addresses for Onchain Verification

Bitwise released wallet addresses for its $BHYP Hyperliquid ETF, enabling direct onchain verification of fund activity while disclosing it has bought and staked $19.78 million in HYPE.

HYPE

Summary

Bitwise announced that it has published wallet addresses tied to its $BHYP Hyperliquid ETF, allowing users to directly verify fund activity onchain through public blockchain records. In the related disclosure, Bitwise said it has bought and staked $19.78 million worth of HYPE, and Arkham data indicated the position was up about $2.4 million at the time referenced. The update highlights greater transparency into the ETF’s holdings and shows the fund is using staking to earn network-based rewards while the assets remain locked.

Terms & Concepts
  • Onchain verification: The process of checking activity directly on a blockchain through public records rather than relying only on company disclosures.
  • Staking: Locking crypto assets in a blockchain network to help support operations and earn rewards.
  • ETF wallet address: A publicly viewable blockchain address associated with an exchange-traded fund’s on-chain holdings.