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Bitwise Launches BHYP Fund, Boosting Hyperliquid's Stake
Description
Bitwise Asset Management launches BHYP fund, offering US investors direct spot access to Hyperliquids HYPE token and staking rewards. HYPE, currently valued at $44 with an $11.22 billion market cap, is gaining traction for staking, governance, and ecosystem entry. Institutions are increasingly investing in Hyperliquid, positioning it as a leading decentralized derivatives exchange. Coinbase becomes the official treasury deployer for USDC on Hyperliquid, with stablecoin supply reaching $5 billion. Centralized platforms like Coinbase and Kraken are expanding crypto derivative offerings, highlighting Hyperliquids impact on professional trading.
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