ChainCatcher report: Bitwise Hyperliquid ETF will begin trading on the New York Stock Exchange this Friday under the ticker BHYP. Previously, 21Shares’ Hyperliquid ETF (THYP) launched on Tuesday, with first-day trading volume of approximately $1.8 million. BHYP will be the first U.S. fund to offer Hyperliquid staking yields, with staking operations conducted through Bitwise’s subsidiary, Bitwise Onchain Solutions. 21Shares also stated it plans to stake the majority of its HYPE holdings. Hyperliquid is currently the leading on-chain perpetuals exchange and is expanding into tokenized commodities and spot crypto trading. Its native token, HYPE, is used for platform fee payments and has consistently ranked among the top 15 crypto assets by trading volume.
Bitwise Hyperliquid ETF to List on NYSE This Friday
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Summary
ETF news: The Bitwise Hyperliquid ETF (BHYP) will begin trading on the NYSE this Friday, becoming the first U.S. fund to offer Hyperliquid staking rewards, managed via Bitwise Onchain Solutions. 21Shares’ Hyperliquid ETF (THYP) launched Tuesday with $1.8 million in trading volume. Hyperliquid, a leading on-chain exchange, is expanding into tokenized commodities and spot trading. Its HYPE token ranks among the top 15 by trading volume.
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