TechFlow News, May 15: According to The Block, Bitwise’s Hyperliquid ETF will begin trading on the New York Stock Exchange this Friday under the ticker symbol BHYP. This fund will be the first in the U.S. to offer staking rewards for Hyperliquid tokens, with staking services provided by Bitwise Onchain Solutions. Earlier this week, 21Shares’ Hyperliquid ETF THYP debuted on Tuesday, recording $1.8 million in first-day trading volume. Bitwise stated that BHYP carries a sponsor fee of 0.34%, with a 0% fee applied to the first $500 million in assets for the first month. Hyperliquid is an on-chain perpetual futures exchange; its native token HYPE rose over 13% at the time of publication.
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