A wallet linked to Bitwise’s spot Hyperliquid ETF, trading as BHYP, has staked approximately $74.89 million in HYPE, the protocol’s native token. The address beginning 0x6183, identified as 0x6183...4318 and listed among BHYP’s three disclosed wallets, delegated 188,790 HYPE worth about $15.19 million. Bitwise reported 2,332,714 HYPE worth $185.96 million in the trust on August 27 and a 70% staking ratio. Separately, two pseudonymous wallets withdrew 83,630 HYPE worth about $6.69 million from Coinbase Prime, bringing their estimated two-week accumulation to 223,350 HYPE valued at approximately $14.83 million. Staking may generate additional yield and reduce immediately tradable supply, but slashing, lock-up and regulatory risks remain, and wallet flows do not establish holder intent.