Bitwise Stakes $114 Million in HYPE on Hyperliquid as Its Spot ETF Doubles Down

▤ Summary

Bitwise deposited and staked about $114 million worth of HYPE on Hyperliquid, expanding its onchain position. The move ties directly to the launch and growth of its Bitwise Hyperliquid ETF, which routes part of its fees into buying and staking HYPE. The article also notes that rivals like 21shares and Grayscale are competing for Hyperliquid exposure through similar ETF products. This signals strong institutional interest in the Hyperliquid ecosystem and reinforces the link between ETF flows and protocol demand.

▦ Linked Companies