Bitwise Sharpens U.S. HYPE ETF Bid With Ticker, Fee and Staking Plan

Overview

• Bitwise filed an amended SEC registration for a spot ETF that would hold Hyperliquid’s HYPE token directly and would list on NYSE Arca if approved.
• The update sets the fund’s ticker as BHYP and a 0.67% annual management fee.
• Anchorage Digital, a federally chartered crypto bank, is named as the fund’s custodian.
• The plan includes staking some HYPE to earn extra tokens, with the fund keeping about 85% of those rewards after fees.
• Approval has not been granted, and rival bids from Grayscale, 21Shares and VanEck are in play as HYPE rose about 200% over 12 months and Hyperliquid logged $492.7 billion in first‑quarter derivatives volume.