The Bitwise Hyperliquid ETF (BHYP) has exceeded $100 million in assets under management, reaching $105 million as of June 1. The fund has attracted $81.8 million in net inflows and averages $35.1 million in daily trading volume. BHYP is positioned as the only spot Hyperliquid ETP that publicly discloses its wallet addresses and includes in-house staking. Bitwise also noted that 10% of the fund’s annual management fee will be held in HYPE tokens on the firm's balance sheet, with a minimum 12-month holding period.