Bitwise Clients Keep Buying Hype Despite 14% Price Drop

Bitwise Asset Management's clients have continued to invest in the Hyperliquid token ($HYPE) despite its recent 14% price drop over the last 30 days.

The $5 million investment made by Bitwise's ETF clients in the past week is a sign of their commitment to the token, which has seen a significant increase in value since the start of the year, rising by 118% YTD.

Bitwise's Hyperliquid ETF (BHYP) was launched on May 14, 2026, and it started trading the next day. The fund is one of the first spot Hyperliquid products available in the U.S. and the first to use its own operations with its staking capability, Bitwise Onchain Solutions.

The European version of the product, Bitwise Hyperliquid Staking ETP (BHYP), was launched on April 9, 2026, on Deutsche Börse Xetra. The product has an annual expense ratio of 0.85% and aims for a 1.00% net staking reward.