Bitwise launches Hyperliquid Staking ETP

• Product aims to provide exposure to HYPE, the native token of Hyperliquid blockchain platform, including potential staking rewards
• Hyperliquid is growing platform offering on-chain derivatives trading, designed to combine exchange-like functionality with on-chain transparency
• Product is Bitwise’s seventh institutional-grade staking ETP as investor interest in staking-enabled crypto ETPs continues

Bitwise today announces the launch of the Bitwise Hyperliquid Staking ETP (Ticker BHYP; ISIN DE000A4ARTJ5) on Deutsche Börse Xetra. The product seeks to provide exchange-traded exposure to HYPE, the native token of the Hyperliquid network, tracking the Kaiko HYPE Reference Rate LDNLF index. In addition to price exposure, the ETP is designed to capture staking-related returns generated on the platform, allowing investors to participate in potential yield without having to manage wallets, private keys, or on-chain staking themselves.

Hyperliquid is a blockchain-based trading platform enabling trading of derivatives including perpetual futures. It combines the speed and user experience of traditional exchanges with the transparency of blockchain infrastructure. Hyperliquid operates with a fully on-chain order book and execution system, meaning trades are recorded and verifiable on the network.

The platform has gained traction over the past year, with trading volumes and user activity increasing, reflecting broader demand for more transparent and efficient alternatives to centralized trading venues. For traditional investors, Hyperliquid represents an emerging segment of digital asset infrastructure that brings exchange-like functionality onto blockchain rails.

Bradley Duke, Managing Director and Head of Europe at Bitwise, said: “The Bitwise Hyperliquid Staking ETP is a timely addition to our growing suite of European staking ETPs. Hyperliquid has emerged as a notable on-chain trading venue, particularly in derivatives, combining high performance with transparency. Its fully on-chain order book and execution model differentiate it not only from traditional exchanges, but also from other crypto platforms. For investors, this provides exposure to an evolving segment of blockchain-based market infrastructure through a familiar exchange-traded structure. Investors may also receive potential staking-related returns without needing to manage the technical processes themselves”

BHYP, issued by Bitwise Europe GmbH in Germany, is the seventh product Bitwise has launched as part of its European Total Return product suite, reflecting the company’s ongoing efforts to expand access to index-linked staking products.

BHYP is fully backed by HYPE tokens held in cold storage. Potential staking rewards, if earned, accrue daily and are reflected in the cryptocurrency entitlement of each ETP unit. The Kaiko HYPE Reference Rate LDNLF index enables investors to track performance net fees. It can be bought and sold via a regular brokerage account, without the need for a crypto wallet.

Staking is a way to generate additional returns for token holders on a blockchain network by locking up their cryptocurrencies for a period of time. This allows them to help validate transactions on the network, which contributes to its security and reliability. In return, they earn additional tokens. Unlike dividends, which come from company profits, staking rewards compensate holders for performing an active role in maintaining the blockchain.
Key Product Details

* The Net Staking Reward represents the expected average staking return accruing to the ETP after deduction of the Staking Service Fee but before the annual management fee (TER 0.85% p.a.) is applied. The issuer retains 33% of the total staking rewards generated as a Staking Service Fee. This fee is used to cover the operational costs of maintaining the ETP’s staking infrastructure, including charges from staking service providers, and to support the ongoing management of the staking process. Rewards are credited to the ETP on a daily basis and reinvested automatically, which increases the cryptocurrency entitlement per ETP unit over time. The staking rate may vary depending on network conditions, reward levels, and overall market dynamics.

Disclaimer: The stated staking reward is not a guarantee of future returns. Actual outcomes can differ due to factors such as protocol rules, validator participation, market volatility, network performance, usage, and validator transaction fees. Staking involves risks, including the potential loss of staked assets and accrued rewards in the event of slashing, penalties, smart contract vulnerabilities, protocol exploits, or other operational issues. More information available at www.bitwiseinvestments.eu/products.