Bitwise’s BHYP Becomes Largest HYPE ETF With $62.9 Million in Assets
HYPE spot ETFs recorded $3.4037 million in net inflows on May 27, lifting total net assets to $119 million and cumulative historical inflows to $98.7638 million across the segment.
HYPE
Fact Check
The Onchain Lens X post (status 2059643121508725179) explicitly states Bitwise has bought 1,037,410 HYPE worth $62.92M as of May 25, with purchases from Coinbase and Cumberland — exactly matching the claim's headline figures. Odaily's report (newsflash/484614) independently relays the same Onchain Lens data. Earlier same-day reporting (newsflash/484240) on incremental Bitwise buys is consistent with the cumulative total. The associated context (whale accumulation and Coinbase Prime transfer of 501,250 HYPE) is also supported by Odaily newsflash/484363. The figures and attribution to Onchain Lens and Lookonchain hold up.
Summary
Bitwise previously said BHYP had become the largest HYPE ETF with $62.9 million in assets, supported by reported total inflows of $56.9 million and on-chain accumulation that brought tracked holdings to 1.03741 million HYPE valued at about $62.92 million as of May 25. New market data shows HYPE spot ETFs added $3.4037 million in net inflows on May 27, led by 21Shares THYP with $1.7286 million and Bitwise BHYP with $1.6751 million. The update brings total net assets for HYPE spot ETFs to $119 million and cumulative historical net inflows to $98.7638 million.
Terms & Concepts
- HYPE: A cryptocurrency token referenced in the ETF market update and in Bitwise’s reported holdings for BHYP.
- Spot ETF: An exchange-traded fund that holds the underlying asset directly rather than using derivatives.
- Staking: A process that locks crypto assets to help support a blockchain network and earn rewards.