Bitwise's BHYP ETF Launches on NYSE This Friday — First U.S. Fund to Offer Hyperliquid Staking Rewards!

Bitwise is set to bring its Hyperliquid ETF (ticker: BHYP) to the NYSE this Friday, marking a significant milestone as the first U.S. fund to bundle Hyperliquid staking rewards directly into an exchange-traded product. The launch follows closely on the heels of 21Shares' competing Hyperliquid ETF, which debuted on Tuesday and pulled in $1.8 million in trading volume on its first day.

The staking component is the differentiator worth watching: by passing staking yields through to shareholders, BHYP offers exposure to Hyperliquid's native yield mechanics in a regulated wrapper — a structure that has historically attracted institutional allocators who want on-chain economics without direct custody risk.

With two competing Hyperliquid ETFs hitting U.S. markets within the same week, the category is moving from novelty to contested space fast. First-mover volume from 21Shares gives a…