Bitwise Asset Management, a crypto asset manager, has introduced a new strategy for its recently launched Hyperliquid ETF. The company will use part of the fund’s management fees to buy HYPE tokens.
The company says it will use 10% of the management fees from the Bitwise Hyperliquid ETF to buy and hold HYPE tokens on its balance sheet.
This decision follows the recent launch of the Bitwise HYPE ETF, which had one of the strongest debuts among altcoin-focused ETFs this year. The fund reportedly saw over $4 million in trading volume on its first day.
Bitwise highlighted the Hyperliquid ecosystem’s community focus, noting that the protocol uses most of its revenue to buy back and burn HYPE tokens. The company called Hyperliquid a fast-growing player in decentralized finance and crypto derivatives trading.
The Hyperliquid ecosystem has gained momentum in recent weeks. Trading activity for tokenized real-world assets on the platform hit a new all-time high, and partnerships with major companies like Coinbase have increased investor confidence.
After the announcement, the HYPE token rose more than 3% in the past 24 hours.
Bitwise’s choice to buy HYPE tokens directly shows a trend among crypto investment firms to get more involved with the ecosystems behind their ETF products, instead of just offering passive exposure.
Hyperliquid was built different.
As in, 99% of the blockchain’s revenue is used to buy and burn HYPE. It’s a community-first model based on this idea: If the protocol succeeds, the community succeeds.
In that spirit, we’re pleased to announce that Bitwise will be devoting 10%… pic.twitter.com/gOnaHkZRni
— Bitwise (@Bitwise) May 18, 2026
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