On May 19th, Bitwise announced that 10% of the management fee for its Hyperliquid ETF ($BHYP) will be used to hold HYPE on the company's balance sheet. Bitwise emphasized that Hyperliquid adopts a community-first model, with 99% of blockchain revenue used for buybacks and token burns, "if the protocol succeeds, the community should succeed." Bitwise's decision to hold HYPE is precisely based on this philosophy.

HYPE2.69%
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