The asset management firm Bitwise announced this May 18, 2026 the launch of its corporate treasury based on the HYPE cryptocurrency, Hyperliquid’s native token.
The plan consists of allocate 10% of the management fees of the Bitwise Hyperliquid ETF (BHYP) to acquire and maintain hyperliquid (HYPE) on the corporate’s balance sheet, explained the company. In this way, Bitwise aligns part of its treasury with the success of the protocol.
Hyperliquid is a decentralized financial network specialized in trading perpetual futures contracts. Its HYPE token works on a deflationary model. 99% of the protocol’s revenue is used to buy and burn tokens.
This announcement has had an immediate impact on the market. The price of HYPE rose 3% in the last 24 hours and 6% in the last week, going from 42 to 45 dollars, and consolidates itself as the tenth cryptocurrency by market capitalization with 11.5 billion dollars.
Bitwise launched its Bitwise Hyperliquid ETF (BHYP) on May 15 on the New York Stock Exchange (NYSE). The product allows traditional investors to gain exposure to hyperliquid in a regulated manner. Additionally, stake directly. To achieve this, the manager uses its internal division Bitwise Onchain Solutions, as reported by CriptoNoticias.
This move comes just days after the debut of competitor 21Shares Hyperliquid ETF (THYP), launched on May 12, which also offers staking returns.
Bitwise’s strategy combines two strong trends in the sector: the adoption of regulated products such as ETFs and direct integration with high-performance decentralized protocols. By holding HYPE on its balance sheet, the firm not only invests in the token, but actively participates in its economic mechanism.
Bitwise already offers other exchange-traded funds that track crypto assets. Among them are bitcoin (BTC), ether (ETH), XRP, solana (SOL), and chainlink (LINK) ETFs.