Overview
- Bitwise’s BHYP, which began trading Friday on NYSE Arca, holds spot HYPE and uses in‑house staking with a one‑month fee waiver before a 0.34% sponsor fee.
- 21Shares’ THYP launched on Nasdaq Tuesday and logged about $1.8 million on day one with roughly $1.2 million in net inflows.
- A Coinbase deal disclosed Thursday made USDC the primary treasury asset on Hyperliquid and Circle pledged 500,000 HYPE to validators.
- Bloomberg reported Friday that CME and ICE urged U.S. officials to scrutinize Hyperliquid for manipulation and sanctions risks, and Hyperliquid’s policy arm called the claims unfounded.
- HYPE traded near the mid‑$40s with heavy volume as the on‑chain exchange held roughly 60% of perpetual DEX open interest and handled very high order throughput.