Bitwise Hyperliquid ETF trades over $40 million in first three hours

The BHYP fund, which holds and stakes HYPE tokens, drew heavy early volume on NYSE Arca The Bitwise Hyperliquid ETF traded more than $40 million in its first three hours of trading. The fund trades on NYSE Arca under the ticker BHYP . It carries CUSIP 09175T106, for anyone who likes their identifiers precise. BHYP holds HYPE directly. HYPE is the native token of Hyperliquid, a blockchain built for trading derivatives. The fund stakes approximately 70% of its holdings, with that share subject to monthly liquidity reviews.