Bitwise Hyperliquid ETF Becomes Largest in World, CEO Confirms

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. CEO of Bitwise Hunter Horsley officially confirmed that the Bitwise Hyperliquid ETF (BHYP) led the global segment of funds tied to the headline asset of the decentralized finance sector, posting an industry-record daily inflow of $19.05 million. Advertisement Commenting on this result, Horsley pointed to the unique structure of the trading session, when, with the fund's total trading volume at $22 million, virtually the entire amount came from net capital inflow. This indicates the absolute dominance of buyers and the complete absence of local sell-offs by major players. How Bitwise engineered its rise to the top of the Hyperliquid ETF market For Horsley, this success clearly became an important strategic step, confirming Bitwise's ability to quickly seize leadership in new crypto assets. The fund led by him was able to pull liquidity away from its main competitor, 21Shares, increasing cumulative inflows to $55 million and securing Bitwise's status as the world's largest Hyperliquid asset manager . HOT Stories XRP Hits $1.4B in ETF Cash Shiba Inu (SHIB) Sellers Exhausted, Dogecoin (DOGE) Zero Addition Question of Time, XRP Recovery Starts: Crypto Market Review Horsley and the Bitwise team skillfully played the card of product advantages, introducing a native staking mechanism into the regulated ETF with 67% of rewards distributed to investors and temporarily reducing fees to zero. This is what allowed the fund to overtake competitors over the short distance. Advertisement Total HYPE Spot ETF Net Inflow, Source: SoSoValue Combined with the fact that HYPE ETFs launched in the United States only two weeks ago, this setup gave Bitwise the necessary leverage to outpace rivals while it can still be done at a comparatively lower cost. You Might Also Like Wed, 05/27/2026 - 00:01 Shiba Inu (SHIB) Sellers Exhausted, Dogecoin (DOGE) Zero Addition Question of Time, XRP Recovery Starts: Crypto Market Review By Arman Shirinyan Interestingly, this triumph for the Hyperliquid ETFs coincided with broader institutional cooling toward the main cryptocurrencies. While traditional Bitcoin and Ethereum ETFs have recorded combined outflows of $1.64 billion since the beginning of May 2026, BHYP and THYP showed the market that investors are ready to move into more dynamic on-chain ecosystems. Advertisement At the scale of the entire crypto market, the HYPE ETF sector, with total assets of $117.38 million, remains niche for now. However, Bitwise has already built a long-term trigger into the fund's model, as 10% of the company's future management revenue will be directed toward buybacks of HYPE tokens , linking Bitwise's further commercial success to the growth of the ecosystem itself. #Hyperliquid #Bitwise #Hunter Horsley