Bitwise files Hyperliquid ETF with ticker BHYP, 0.67% fee

Bitwise amended its SEC registration to propose a Hyperliquid exchange-traded fund under the ticker BHYP, with a 0.67% sponsor fee and an intended listing on NYSE Arca. The filing states the trust will hold Hyperliquid tokens and may stake them to earn additional tokens.

The amended registration sets the trust’s primary objective as providing exposure to the value of Hyperliquid held by the vehicle and a secondary objective of earning staking rewards. The filing states: “In connection with its investment objective of seeking to derive additional Hyperliquid through staking, the Trust will stake some or all of the Hyperliquid held in the Trust Hyperliquid Accounts.”

If cleared by U.S. securities regulators, the Hyperliquid ETF would become part of Bitwise’s lineup of digital-asset products. The filing does not set a launch date. The inclusion of a ticker, fee schedule and listing venue are commonly among the final procedural items before a fund lists on a national exchange.

Bitwise recently expanded its international presence by listing a physically backed Hyperliquid staking product on Deutsche Börse Xetra on April 9. That product tracks the Kaiko HYPE Reference Rate LDNLF.

The filing says the trust will capture on-chain staking yields by staking tokens held in the trust accounts. The registration notes that staking within the trust can reduce the operational requirements for institutional allocators that would otherwise need to manage private keys and self-custody infrastructure.

Hyperliquid’s native token, HYPE, has risen 66% since the start of 2026. Market participants used Hyperliquid’s decentralized platform and synthetic perpetual futures to access benchmarks such as Brent crude and gold during recent military hostilities when some traditional markets were closed.

The proposed BHYP product would allow U.S. investors to gain regulated exposure to Hyperliquid through an ETF wrapper, subject to SEC approval.