Bitwise launches US-listed Hyperliquid fund with staking rewards

60-second summary

Bitwise launches the US-listed BHYP fund, offering spot exposure to Hyperliquid's HYPE token, with a unique twist - it will stake a portion of its holdings through Bitwise's in-house staking division, providing investors with potential staking rewards. This move targets institutional investors seeking diversified exposure to the growing DeFi market. Market implications are yet to be seen.