Bitwise Plans to Stack HYPE on Its Balance Sheet Using Hyperliquid ETF Fees!

Bitwise has announced it will allocate HYPE tokens directly to its balance sheet, funding the purchases through management fees generated by its forthcoming Hyperliquid ETF. The move signals a meaningful vote of confidence in Hyperliquid's native token from one of the crypto asset management industry's most active ETF filers.

The strategy mirrors the treasury accumulation playbook that MicroStrategy popularized with Bitcoin — using recurring revenue streams to build a native-asset position rather than making a one-time discretionary purchase. For Bitwise, it ties the firm's own financial health directly to the performance of the Hyperliquid ecosystem.

For HYPE holders and Hyperliquid watchers, the signal is twofold: institutional-grade ETF infrastructure is coming to the asset, and the issuer itself is structurally long. That combination of product launch and balance sheet commitment…