Bitwise will use part of the management fees from the Hyperliquid ETF to increase its holdings of HYPE tokens

Odaily Planet Daily News Bitwise Asset Management has announced that it will use 10% of the management fee income from its BHYP Hyperliquid ETF to hold Hyperliquid's native token, HYPE, on the company's balance sheet. The related HYPE holdings will also be staked.

Bitwise stated that Hyperliquid adopts a "community-first" model, where approximately 99% of on-chain revenue is used to buy back and burn HYPE tokens. Therefore, the company has decided to hold HYPE simultaneously. Bitwise's Hyperliquid ETF (ticker: BHYP) was listed on the New York Stock Exchange last Friday, offering investors exposure to Hyperliquid and staking yields. (The Block)