Asset management company Bitwise launches HYPE spot ETF and lists on NYSE

Techub News reports, according to CoinPost, asset management company Bitwise has announced that it will launch the Hyperliquid (HYPE) spot ETF "BHYP" on the New York Stock Exchange (NYSE) on May 15. The ETF will introduce the first self-custody staking mechanism in the United States, directly staking the HYPE tokens held by the fund through its on-chain operations division Bitwise On-Chain Solutions, and reflecting the rewards obtained in the fund's performance, aiming to provide investors with additional returns beyond holding spot assets. Hyperliquid is a high-performance Layer 1 blockchain focused on decentralized derivative trading. Data shows that the network's annual trading volume in 2025 reached $2.9 trillion, a year-over-year increase of 400%. It currently accounts for approximately 60% of the global on-chain derivatives open interest (OI), and has become an important infrastructure for the on-chain economy.