BHYP
Bitwise Hyperliquid ETF
Get exposure to Hyperliquid, the high-performance platform for crypto trading and the leading decentralized exchange for perpetual futures.*
* By trading volume. Source: DefiLlama as of May 14, 2026.
As of 06/01/2026
The Bitwise Hyperliquid ETF (BHYP or the “Trust”) is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. BHYP is not suitable for all investors. BHYP is subject to significant risk and heightened volatility, and an investor may lose their entire investment. An investment in BHYP is not the same as a direct investment in Hyperliquid (HYPE).
** Gross Staking Reward Rate is the total annual staking reward rate currently available on the Hyperliquid network. The rate shown is the average of the annualized rates over the last 90 days. Staking Reward Rate does not represent performance of the Trust and is not indicative of any Trust performance. Potential staking rewards are earned by the Trust; the Trust intends to distribute its net investment income, including the value of Staking Rewards (net of expenses), to shareholders on a periodic basis. Rewards are not guaranteed and are subject to change.
Exposure to a Dominant, Fast-Growing Platform
Since its launch in 2023, Hyperliquid has become the leading decentralized exchange for perpetual futures, a more than $60 trillion market that is reshaping global derivatives investing. (Source: CryptoQuant, January 2026.)
Favorable Tokenomics
Virtually all of Hyperliquid's trading revenue (99%) is used to buy back HYPE tokens, linking HYPE's value to the platform's growth and adoption.
Backed by Crypto Specialists
In choosing the Bitwise Hyperliquid ETF, investors gain access to a team of crypto experts with the tools, insights, and specialized experience to help them navigate the space with confidence.
Hyperliquid Staking Details
Data as of 06/02/2026
* Rewards are subject to change and are not guaranteed.** The Trust will stake all of the Hyperliquid that is not held aside in a Liquidity Reserve. As of May 15, 2026, the Liquidity Reserve is composed of 30% of the Trust’s Hyperliquid, meaning that the Trust seeks to stake approximately 70% of the Trust’s Hyperliquid. However, the amount of the Liquidity Reserve is evaluated by the Sponsor on a monthly basis and may be changed subject to the Trust’s policies and procedures.
Holdings
Data as of 06/01/2026
HYPERLIQUIDHoldings are subject to change. Current and future holdings are subject to risk.
Wallet Addresses
Data as of 06/03/2026
Onchain holdings may lag the holdings figure in “Holdings” by one business day given the T+1 delay in settlement.
Net Asset Value (NAV) and Market Price
Data as of 06/01/2026
To
30 Day Median Bid-Ask Spread: The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.
Performance History
Data as of 05/30/2026
Performance data quoted represents past performance and is no guarantee of future results. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of one year or less are not annualized.
NAV performance is calculated based on the official closing values as of 4:00 p.m. ET. Market Price performance reflects the midpoint of the bid-ask spread as of 4:00 p.m. ET, and does not represent the returns an investor would receive if shares were traded at other times. Fund returns are calculated net of expenses.
Premium / Discount
Data as of 06/01/2026
About BHYP
Fund Details
Data as of 06/01/2026
Ticker
BHYP
Net Assets (AUM)
$102,739,928
Legal Counsel
Chapman and Cutler, LLP
Fund Type
ETP
Net Expense Ratio*
0.00%
Tax Advisor
KPMG
CUSIP
09175T106
Gross Expense Ratio*
0.34%
Administrator
Bank of New York Mellon
ISIN
US09175T1060
Inception Date
May 14, 2026
Marketing Agent
Foreside Fund Services, LLC
Exchange
NYSE Arca
Sponsor
Bitwise Investment Advisers, LLC
Digital Asset Custodian
Anchorage Digital Bank N.A.
Shares Outstanding
2,610,000