Bitwise announced that it will allocate 10% of the management fees from the Hyperliquid ETF to hold and support HYPE
By: rootdata|2026/05/20 04:45:02
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Bitwise tweeted that it will use 10% of the management fees from its Hyperliquid ETF ($BHYP) to hold HYPE on the company's balance sheet, taking concrete action to support the development of the Hyperliquid ecosystem.
Bitwise emphasized that Hyperliquid adopts a community-first model, with 99% of the blockchain's revenue used for the buyback and destruction of HYPE, stating, "If the protocol succeeds, the community should succeed." Bitwise's decision to hold HYPE is based on this principle.
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