Bitwise Launches BHYP Hyperliquid ETF on NYSE; HYPE Surges 20% to $44.54

According to Bitwise Asset Management, the company launched the BHYP Hyperliquid fund on the New York Stock Exchange on May 15, 2026, providing institutional investors with direct exposure to the HYPE token alongside staking rewards. The HYPE token’s market capitalization stood near $14.85 billion as of May 15, positioning it among the world’s ten largest cryptocurrencies.

Following the launch, HYPE trading surged to around $44.54 after recording a 20% intraday increase, driven by growing institutional participation and demand for exchange-traded crypto investment products. Bitwise set the BHYP sponsor fee at 0.34% while waiving fees during the first month for the initial $500 million in fund assets.