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Crypto

Bitwise's BHYP Stakes $74.9M in HYPE Tokens

Guavy AI Editorial Team
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HYPE
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Bitwise's BHYP ETF has taken a significant step in institutional crypto adoption by staking approximately $74.9 million worth of HYPE, the native token of the Hyperliquid protocol.

The latest move brings the total staked amount to $74.9 million, as on-chain data from blockchain tracking platform Onchain Lens confirms the fund's ongoing accumulation and staking activity.

This marks a milestone for regulated investment products integrating staking, with Bitwise's approach potentially setting a precedent for other issuers handling proof-of-stake assets.

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