Bitwise to Hold $HYPE on Its Balance Sheet, Directing 10% of BHYP Management Fees Into the Token!

Bitwise has announced it will hold $HYPE — the native token of Hyperliquid — directly on its corporate balance sheet, allocating 10% of the management fees generated by its Hyperliquid ETF (BHYP) toward purchasing the token. The move marks a meaningful structural commitment: rather than simply offering investors exposure to $HYPE through a fund wrapper, Bitwise is putting its own capital behind the asset.

The decision signals growing institutional conviction around Hyperliquid as a serious DeFi infrastructure play. By tying fee revenue to token accumulation, Bitwise aligns its own balance sheet with long-term $HYPE appreciation — a model that echoes MicroStrategy's BTC treasury strategy, scaled to the ETF management context.

For the broader market, the signal is clear: a regulated asset manager is not just packaging crypto for clients, it is becoming a direct holder. That distinction…