bhyp

According to Onchain Lens monitoring, Bitwise purchased 28,085.8 HYPE from Nonco for its ETF clients, valued at approximately 1.52 million USD, and transferred the tokens to its BHYP wallet (0x22B9...90b5).

According to Onchain Lens monitoring, the Bitwise BHYP Hyperliquid ETF transferred 39,300 HYPE to Coinbase about 1 hour ago, worth approximately $2.13 million.Over the past few weeks, the fund has cumulatively transferred 280,700 HYPE to Coinbase through multiple transactions, worth approximately $17.35 million. It currently holds 354,000 HYPE, worth approximately $19.25 million, with an additional $34.62 million worth of HYPE staked in Hyperliquid.

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.

Hyperliquid ETF had a net inflow of $16,100,000 yesterday, with BHYP having a net inflow of $8,400,000 and THYP a net inflow of $7,700,000. Hyperliquid ETF has achieved net inflows for 8 consecutive trading days, with a total net inflow close to $7,000,000.

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.

Bloomberg ETF analyst Eric Balchunas tweeted that Bitwise has updated its Hyperliquid ETF application documents again, with the trading code set as BHYP and a management fee of 67 basis points (0.67%). He indicated that this usually means it will be officially launched soon.