Bitwise Hyperliquid ETF (BHYP) is a spot Hyperliquid exchange-traded fund from Bitwise, trading on US markets under the ticker BHYP. Each share currently trades at $37.65, down 4.08% over the past 24 hours. Across its all-time range, BHYP has moved between $29.43 and $43.15.
As a spot ETF, BHYP's share price closely follows the market value of the Hyperliquid the fund holds, minus its annual management fee. The chart above shows BHYP price history at 5-minute resolution, so you can see intraday moves alongside longer-term performance (+5.46% over 7 days, +5.52% over 30 days). Each share represents a fractional claim on the fund's Hyperliquid holdings, and authorised participants create or redeem shares to keep the market price aligned with the fund's net asset value (NAV).
Buying BHYP is different from buying Hyperliquid on a crypto exchange. With the ETF you never hold the underlying coins yourself — the fund's custodian does — so there are no wallets, seed phrases or withdrawal risks to manage. In exchange, you pay the fund's management fee and can only trade during US market hours. Holding Hyperliquid directly gives you 24/7 trading and full self-custody, but shifts all the security and storage responsibility onto you. Many investors choose BHYP specifically because it fits inside a normal brokerage or tax-advantaged account.
BHYP is a spot ETF, meaning it holds Hyperliquid directly rather than tracking Hyperliquid futures contracts. A futures-based ETF gets its exposure from derivative contracts that must be rolled over as they expire, which can create tracking error and extra costs over time. Because BHYP holds the underlying Hyperliquid, its share price tends to follow the spot market more closely, without the roll costs that can weigh on futures-based products.
BHYP trades on a US stock exchange during regular market hours, while Hyperliquid itself trades around the clock. When Hyperliquid moves significantly overnight or over a weekend, BHYP can open at a noticeably different price than it closed at — a "gap." This is normal for any crypto ETF and is one reason the 5-minute chart and the all-time range above are useful for understanding how BHYP actually behaves day to day.
BHYP is one of several US-listed spot Hyperliquid ETFs. Compare it with the other funds tracking Hyperliquid:
| Ticker | Fund | Price |
|---|---|---|
| BHYP | Bitwise Hyperliquid ETF | $37.65 |
| 21Shares Hyperliquid ETF | $38.98 |
Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.
BHYP can be bought through any brokerage that offers US-listed ETFs — you search for the ticker BHYP, place an order, and the shares settle like any stock. To follow performance afterwards, add BHYP to a free portfolio on CryptoETF.today: record your buys and sells, and the portfolio automatically tracks your average cost, current value and realised/unrealised profit. Create a portfolio →