Bitwise Unveils BHYP as Dominant HYPE ETF, Tracking $166M

Bitwise’s Hyperliquid ETF, BHYP, has emerged as the largest HYPE ETF, boasting approximately $166.3 million in tracked holdings. This notable achievement comes after the fund executed a $10.5 million purchase of HYPE on Friday, marking its largest single-day acquisition since a $23.2 million buy on August 27. Such movements underscore a growing institutional interest in cryptocurrency investments, as highlighted by the tweet from @WuBlockchain.

Inside the Move

As of September 6, 2026, the broader crypto market is exhibiting mixed signals, with various assets showing fluctuating momentum. Bitwise’s BHYP ETF has captured substantial attention due to its recent performance. With $166.3 million in holdings, it has positioned itself as the leading HYPE ETF, reflecting increased confidence among institutional investors. This surge in assets is indicative of a larger trend towards embracing cryptocurrency through regulated investment vehicles.

The Essentials

• Bitwise’s BHYP ETF now holds approximately $166.3 million in assets. The fund made a $10.5 million purchase of HYPE recently. This purchase is its largest since August 27. Institutional interest in crypto is increasing, impacting ETF dynamics. The growing assets signal a shift in market confidence among investors.