Bitwise’s Hyperliquid ETF Nears Launch With 0.67% Fee and Built-In Staking Yield
Key Takeaways:Bitwise Files Detailed Blueprint for First Hyperliquid Spot ETFHow the Bitwise Hyperliquid ETF Is StructuredShare Creation and RedemptionTracking Hyperliquid’s Market PriceStaking Inside the ETF: Yield, Liquidity, and Risk
One of the most striking design choices is that BHYP will not just hold HYPE—it will also stake it to earn more HYPE. This staking feature is framed as the trust’s secondary objective: generating additional tokens on top of price exposure.
Under the filing, the ETF intends to stake “a substantial portion” of its holdings through Anchorage and one or more staking agents operating validators on the Hyperliquid network.
Staking rewards (net of staking-related expenses) stay in the trust and increase total HYPE holdings over time, which should be reflected in NAV assuming network rewards outweigh slashing or operational risks over the long run.
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