wis

The Bitwise Hyperliquid ETF (BHYP) reached an asset management scale of $30.5 million within the first five trading days after its listing, with a net inflow of $26.9 million.

According to Arkham monitoring, Bitwise and 21 Shares HYPE ETF saw an inflow of $16.1 million yesterday. In addition, the Bitwise Hyperliquid ETF (BHYP) currently has approximately $15.45 million staked in HYPE.

According to Jinshi News, the USD/CHF broke through 0.79, with an intraday increase of 0.36%.

According to Arkham monitoring, Bitwise has announced its ETF address (0x6183AeCb22b09b4CB167F2B42C611243C7E74318), currently purchasing a total of 19.78 million USD in HYPE and staking it, with an unrealized profit of 2.4 million USD.

Bitwise CEO Hunter Horsley stated, "A new category is emerging in the crypto industry—'revenue chains,' with Hyperliquid and Solana as the current leaders. He believes that while there is some overlap between the two, they each have distinct characteristics and both possess strong communities, use cases, and user bases. He mentioned that in the future, the two may benefit from the structural growth of the mobile internet, much like iOS and Android. Horsley pointed out that for 'revenue chains,' they are benefiting from the trend of capital markets going on-chain. Therefore, whether supporting HYPE, SOL, or both, what truly matters is not the competition between them, but the overall rise of on-chain capital markets. He stated, 'Support the on-chain capital markets. I am glad to see the success of the crypto industry.'"

The cryptocurrency asset management company Bitwise stated that Hyperliquid's native token HYPE is "one of the most distorted assets in pricing in the current crypto market," despite its price significantly outperforming the market this year. Bitwise Chief Investment Officer Matt Hougan noted in a report on Tuesday: "Hyperliquid is one of the most important crypto projects in years. Its native token HYPE is the best-performing large-cap crypto asset of 2026, having risen 77% year-to-date. But I still believe investors underestimate its influence and value."Hougan believes that part of the pricing distortion of HYPE is due to the market viewing Hyperliquid merely as a perpetual cryptocurrency futures exchange, whereas it should actually be priced as a "global super app." He pointed out that the Hyperliquid platform supports trading of assets beyond mainstream crypto perpetual futures, including stocks and prediction markets, with nearly half of its trading volume currently related to non-crypto assets.Bitwise launched the HYPE exchange-traded fund (ETF) on the New York Stock Exchange last Friday. The previous week, 21Shares also launched a similar HYPE fund, but it only attracted $1.2 million in net inflows on its first day, which is relatively low compared to the debut performances of other altcoin ETFs. Hougan added that Hyperliquid has gradually become the "super app" envisioned by SEC Chairman Paul Atkins—a "platform not regulated by the SEC" that provides investors with exposure to multiple asset classes. However, he also noted that the platform "still needs to mature," is not yet open to U.S. users, and needs to integrate into the U.S. regulatory framework.

Bitwise tweeted that it will use 10% of the management fees from its Hyperliquid ETF ($BHYP) to hold HYPE on the company's balance sheet, taking concrete action to support the development of the Hyperliquid ecosystem.Bitwise emphasized that Hyperliquid adopts a community-first model, with 99% of the blockchain's revenue used for the buyback and destruction of HYPE, stating, "If the protocol succeeds, the community should succeed." Bitwise's decision to hold HYPE is based on this principle.

The Bitwise Hyperliquid ETF will begin trading on the New York Stock Exchange this Friday, with the ticker BHYP. Previously, 21Shares' Hyperliquid ETF (THYP) was launched this Tuesday, with a first-day trading volume of approximately $1.8 million. BHYP will become the first fund in the U.S. to offer Hyperliquid staking rewards, with related staking operations conducted through Bitwise's Bitwise Onchain Solutions. 21Shares also stated that it plans to stake most of its holdings in HYPE. Hyperliquid is currently a leading on-chain perpetual contract exchange and is gradually expanding into tokenized commodities and spot crypto trading. Its native token HYPE is used for platform fee payments and has consistently ranked among the top 15 cryptocurrencies by trading volume.

According to The Block, Solana ecosystem infrastructure provider Jupiter has commissioned Bitwise to create a segregated dedicated lending market for USDe on Jupiter Lend, marking the first time an institutional asset management firm has orchestrated a market on Jupiter Lend. This market will be isolated from the existing liquidity layer of Jupiter Lend to reduce the risk of institutional capital. Jupiter also utilizes the decentralized protocol Fluid to provide lending and collateral infrastructure support. Bitwise DeFi Strategy Director Jonathan Man stated that this design offers deep liquidity and risk mitigation features. USDe issuer Ethena Labs CEO Guy Young stated that USDe is an institutional-grade savings product built for scalability.

BitMEX co-founder Arthur Hayes tweeted that the rising yield of the 10-year U.S. Treasury (TSY) will force the Trump administration to reach an agreement with China as soon as possible, otherwise the traditional financial markets (TradFi) will face the risk of collapse. He also stated that he is taking this opportunity to buy the dip.

According to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that Circle's Arc, Canton Network, and Stripe's Tempo have recently completed over one billion dollars in financing collectively, with all three financings occurring after the signing of the GENIUS Act in July 2025. Hougan believes that this act has broken the regulatory deadlock that previously suppressed institutional capital entry.Hougan summarized three major signals: first, all three chains have made native privacy transactions a core design to meet institutions' needs for transaction confidentiality; second, the implementation of the GENIUS Act has significantly reduced regulatory uncertainty, with the next key variable being the ongoing Clarity Act, which is expected to benefit stablecoins and tokenized infrastructure; third, the backing of top institutions such as Goldman Sachs, Citadel, BlackRock, Stripe, and Visa behind these three chains stands in stark contrast to the grassroots paths of Ethereum and Solana.Hougan stated that his funds are still primarily betting on native crypto projects and believes that emerging enterprise chains will raise overall competitive standards and attract more capital inflow.

According to CoinDesk, the three blockchains focused on stablecoins and tokenization, Arc, Canton, and Tempo, have collectively raised over $1 billion, reflecting an increasing demand from institutions for privacy-focused crypto infrastructure. Bitwise Chief Investment Officer Matt Hougan stated that as cryptocurrencies further enter mainstream finance, privacy features may become a key application scenario for the industry.Specifically, Circle recently raised $222 million for Arc, with a valuation of $3 billion; Digital Asset is reportedly raising $300 million for Canton, with a valuation of $2 billion; and Tempo, supported by Stripe and Paradigm, previously raised $500 million, with a valuation of $5 billion. Hougan also mentioned that the advancement of stablecoin legislation in the U.S. is providing a clearer regulatory environment for institutional investment in related infrastructure.

The artificial intelligence startup Wispr is in financing negotiations, with a valuation of 2 billion dollars.

According to Coindesk, Hunter Horsley, co-founder and CEO of Bitwise, stated at the Miami Consensus 2026 conference regarding the "recent negative sentiment in the DeFi sector," "I believe DeFi is still doing very well." The recent specific event is operational security issues, not smart contracts being hacked. He also believes that the crypto industry is rapidly entering the mainstream, and DeFi and on-chain treasuries need to respond to this moment; treasuries have only been around for two years, "not all treasuries are equally reliable, and early entrants need to do more homework." Yoni Assia, co-founder and CEO of eToro, also stated that DeFi "is the inevitable future."In the roundtable discussion, several guests made predictions about DeFi TVL over the next five years: eToro CEO Yoni Assia gave a figure of $5 trillion; Bitwise CEO Hunter Horsley provided $500 billion; a16z Crypto partner Guy Wuollet declined to give a specific number, only stating, "My number is up and to the right."

Bitwise Asset Management and Superstate jointly announced that Bitwise will take over the investment management responsibilities of the Superstate Crypto Carry Fund (USCC), which is a tokenized spot arbitrage strategy fund managing approximately $267 million in assets. The transaction is expected to be completed on June 1, and the fund will be renamed the Bitwise Crypto Carry Fund, but will retain its existing code, smart contracts, and token addresses.Bitwise will be responsible for portfolio management, while Superstate will continue to operate the on-chain infrastructure, including tokenized issuance and digital transfer agency services. This is Bitwise's first tokenized fund, and it is the second time this year that Superstate has transferred a fund to a large asset management company, following Invesco's takeover of its $967 million tokenized government bond fund USTB.Superstate is shifting from fund operations to focus on its tokenized infrastructure platform FundOS, and Coinbase Asset Management's Crypto Yield fund was also launched on that platform last week.

Bitwise announced the launch of its first tokenized crypto basis fund, Bitwise Crypto Carry Fund (USCC), which is also the first tokenized fund under Bitwise.Bitwise stated that all future funds will be tokenized, and this fund provides market-neutral returns through crypto basis trading, with underlying technical support continued by Superstate. The fund is currently open only to accredited investors.

Bitwise CEO Hunter Horsley stated at the Consensus 2026 conference: The market declined in the fourth quarter of last year, and the first quarter of this year also saw a drop. However, the inflow of funds from the U.S. wealth management channel reached the highest record for any quarter in the past eight years. In other words, for financial advisors in the wealth channel, the first quarter of this year was their best quarter for investing in these products. Therefore, when the market fell, they chose to buy the dip.

According to Crowdfund Insider, Swiss financial market infrastructure provider SIX has obtained approval from the Swiss Financial Market Supervisory Authority (FINMA) to directly integrate its digital central securities depository (CSD, formerly operated by SIX Digital Exchange AG) into the existing SIX SIS AG division. At the same time, FINMA has authorized SIX to provide cryptocurrency custody services through the merged central securities depository.Previously, SIX maintained separate infrastructures for traditional markets and blockchain-based assets for many years. This integration eliminates that boundary, creating a single platform to support end-to-end post-trade operations across asset classes. Financial institutions can manage cryptocurrency custody using the same security framework as traditional instruments like stocks and bonds under the FINMA regulatory framework.Rafael Moral Santiago, Head of Securities Services and Executive Committee Member at SIX, stated that the goal is to provide financial institutions with a single secure entry point into digital assets, combining innovation with the stability of existing systems. This initiative is part of SIX's long-term plan to build a comprehensive post-trade solution across Europe by 2030.SIX is headquartered in Switzerland and is owned by approximately 120 financial institutions, with operations covering exchanges, post-trade services, financial information, and payment infrastructure.

According to The Block, asset management company WisdomTree disclosed that its cryptocurrency exchange-traded products (ETPs) recorded a net inflow of $137 million, a significant improvement compared to a net outflow of $89 million during the same period in 2025.As of the end of the first quarter, WisdomTree's total assets under management (AUM) rose to $152.6 billion, an increase of over 30% year-on-year, with strong capital inflows in the U.S. and European market products being the main driving force.Its cryptocurrency ETP AUM grew to approximately $1.8 billion in the first three months, a year-on-year increase of 15%. However, affected by the decline in digital asset prices, the initial AUM of about $2.2 billion for cryptocurrency ETPs shrank by approximately $596 million during the quarter.WisdomTree also stated that it has launched new cryptocurrency ETP products tracking Bitcoin, Ethereum, XRP, and Solana this quarter, and continues to advance the tokenization of real-world assets (RWA). Related products have been deployed on Ethereum and multiple chains such as Arbitrum, Avalanche, Base, Optimism, as well as the Stellar network.