Bitwise Hyperliquid ETF Stakes Record $74.9 Million in Hype Token
Bitwise's spot Hyperliquid ETF, trading under the ticker BHYP, has set a significant milestone in institutional crypto adoption by staking $74.9 million worth of HYPE, the native token of the Hyperliquid protocol.
This marks a new frontier for integrating staking into regulated investment products, as on-chain data confirms the fund's ongoing accumulation and staking activity.
According to blockchain tracking platform Onchain Lens, an address associated with BHYP added 188,790 HYPE worth around $15.19 million to staking just two hours ago, bringing the total staked amount to $74.9 million.
The decision to stake HYPE within a regulated ETF product signals growing institutional interest in proof-of-stake cryptocurrencies beyond established names like Ethereum.