Bitwise to add HYPE to balance sheet using fees from Hyperliquid ETF

HYPE

HYPE/USDT

$57.144

+1.17%

$57.144

+1.17%

(24s)

24h Volume

$239,270,406.66

24h H/L

$57.61 / $56.31

Change: $1.30 (2.31%)

Funding Rate

+0.0039%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$57.29

▲ 0.63%

Volume (24h): -

Resistance Levels

Resistance 3$62.1584

Resistance 2$59.7549

Resistance 1$57.5833

Price$57.29

Support 1$56.7086

Support 2$55.1361

Support 3$53.0016

Pivot (PP):$56.7333

Trend:Sideways

RSI (14):50.9

The Block Editorial

(04:42 PM UTC)

1 min read

Approved byJames Mitchell

0 comments

Bitwise Asset Management said Monday that it plans to use a portion of the management fees generated from its recently launched BHYP Hyperliquid ETF to accumulate the blockchain's native HYPE token on its balance sheet.

"Bitwise will be devoting 10% of the Bitwise Hyperliquid ETF (BHYP) management fee to holding HYPE on the Bitwise balance sheet," the company said in a post on X.

The firm touted…