Bitwise Hyperliquid ETF will be listed on the New York Stock Exchange this Friday

Odaily Planet Daily reports that the Bitwise Hyperliquid ETF will begin trading on the New York Stock Exchange this Friday under the ticker BHYP. Previously, 21Shares' Hyperliquid ETF (THYP) was listed on Tuesday this week, with a first-day trading volume of approximately $1.8 million.

BHYP will become the first fund in the United States to offer Hyperliquid staking yields, and the associated staking operations will be completed through Bitwise’s subsidiary, Bitwise Onchain Solutions. 21Shares also stated that it plans to stake the majority of its HYPE holdings.

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 crypto assets by trading volume.