BHYP Bitwise Hyperliquid ETF

Spot Hyperliquid ETF · by Bitwise · Hyperliquid ETF flows · fee 0.34%

BHYP took in +$3.7M on Thu 29 Oct. All Hyperliquid ETFs: +$3.7M.

Share price$50.75+0.85% · +$0.43last trade Fri 30 Oct 23:55 UTC

Net flow, last day+$3.7M100% of Hyperliquid ETF flowThu 29 Oct · T+1

Cumulative net flow+$126.1Msince 15 May 2026

Avg entry vs close+27.3%avg entry $69.16 · HYPE $88.05

Net assets$176.2M

Day volume534Kshares, last session

Clients' P&L in BHYP

In profit

On average, BHYP clients bought HYPE at $69.16. At the 30 Oct 2026 close of $88.05 they are in profit: +$36.4M (+27.3%) on paper.

Unrealised P&L+$36.4M+27.3%avg entry $69.16HYPE close $88.05

Avg entry · break-even: $69.16
HYPE close: $88.05
Invested: $133.2M
Current value: $169.5M
HYPE in the fund: 1,925,500

Avg entry vs HYPE price

Daily · US$ · as of 30 Oct 2026

HYPE priceAvg entryClients in profitUnder water

$40$60$80

$88.05$69.16May 26Jun 26Aug 26Sep 26Oct 26

Avg entry is our estimate from daily creations and redemptions × the coin price that day · unrealised · not an issuer reportIn profit on 130 of 170 days

ETF cost basis

BHYP price and net flow

Daily close · price history since 8 Jun 2026 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price +48.8% over the period

Fund facts

Price · 1D / 7D / 30D: $50.75 +0.85% / +19.41% / −0.88%
Day volume: 534K shares
Expense ratio: 0.34% What 0.34% costs per year
Launched: 15 May 2026
13F holders: 23 · Jun 30, 2026
Price history since: 8 Jun 2026

Price RangeNow $50.75 (83% of range)

all-time low $29.26Average price $41.44all-time high $55.12

Staking

Staking in all crypto ETFs

Status: Stakes
Share staked: 67% · 22 Oct
Staking yield: 1.18% · issuer
Coins per share, yearly: +0.95%
Rewards: Paid in cash, quarterly
Provider: Attestant

Filings disagree on the reward split: 25% to the sponsor and agents in the prospectus, 12% in the 10-Q.

Filing: 424B3 · Thu 14 May

Coins held: 1,952,934 HYPEreported
Share of ETF coins: 39.2%
Issuer's fee revenue: $598.9K a year$1.6K a day at current assets

BHYP net flow by day

Last 20 trading days, US$ m · share = BHYP’s part of all Hyperliquid ETF flow when both move the same way

Date	Net flow	Share of HYPE ETFs	All HYPE ETFs	Close
Thu 29 Oct	+$3.7M	100%	+$3.7M	$50.32
Mon 26 Oct	−$3.1M	72%	−$4.3M	$44.14
Thu 22 Oct	−$7.0M	89%	−$7.9M	$43.28
Tue 20 Oct	−$5.4M	73%	−$7.3M	$45.86
Thu 15 Oct	−$2.3M	22%	−$10.3M	$46.05
Wed 14 Oct	−$1.8M	37%	−$5.0M	$45.46
Mon 12 Oct	−$2.3M	100%	−$2.3M	$45.48
Thu 8 Oct	0	—	−$9.7M	$47.54
Tue 6 Oct	+$1.0M	35%	+$3.0M	$51.64
Mon 5 Oct	0	—	−$2.7M	$53.15
Fri 2 Oct	0	—	+$3.4M	$50.38
Thu 1 Oct	0	—	+$5.0M	$49.00
Wed 30 Sep	−$5.0M	100%	−$5.0M	$51.20
Fri 25 Sep	0	—	+$3.2M	$52.00
Thu 24 Sep	+$4.8M	100%	+$4.8M	$52.50
Wed 23 Sep	−$1.6M	100%	−$1.6M	$53.16
Mon 21 Sep	0	—	+$2.8M	$52.65
Fri 18 Sep	+$1.0M	100%	+$1.0M	$52.00
Thu 17 Sep	+$1.9M	44%	+$4.3M	$48.00
Wed 16 Sep	0	—	+$1.7M	$43.70

Streaks and records

descriptive, not a signal

Largest inflow, all time: +$23.2M · 27 Aug 2026
Largest outflow, all time: −$8.8M · 29 Jul 2026
Inflow days in 2026: 39 of 118
Best month: +$81.7M · May 2026
Worst month: −$17.2M · Oct 2026

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 30 trading days	+$4.8M24 Sep 2026	−$7.0M22 Oct 2026
Last 90 trading days	+$23.2M27 Aug 2026	−$8.8M29 Jul 2026
Last 12 months	+$23.2M27 Aug 2026	−$8.8M29 Jul 2026

Trading days only. A day where a fund has not reported is skipped, not counted as zero.

“—” in Share: BHYP moved against the market, or more than the market totalAll days on Hyperliquid ETF flows ›

Who holds BHYP: institutional holders from 13F

23 institutions reported holding BHYP on June 30, 2026, with $40.1M at quarter-end prices (1.1M shares). The largest holder was Olp Capital Management (other managers) with $10.5M; the top 10 held 93% of the reported value. By value, banks and brokers held 29.5% and hedge funds 23.3%.

13F filings for the quarter ended Jun 30, 2026 · next update after Nov 14, 2026 · What is a 13F?

Institutions holding23

Reported value$40.1Mat Jun 30 prices

Shares reported1.1M≈31% of the fund

Net change in shares+1.1M

BHYP holders by type

Holder mix by value · our classificationshare of the $40.1M

Bank & broker 29.5%
Market maker 7.1%
Hedge fund 23.3%
Wealth adviser 4.4%
Other managers 35.7%

Top 10 BHYP holders on Jun 30, 2026

Top 10 BHYP holders on Jun 30, 2026
#	Holder	Type · our classification	Value	Shares	Change in shares, q/q	Holding since
1	Olp Capital ManagementCauseway Bay · Other managers	Other managers	$10.5M	285K	+0.28M new	Q2 26
2	Bank of MontrealToronto · Bank & broker	Bank & broker	$6.7M	182K	+0.18M new	Q2 26
3	UBSZurich · Bank & broker	Bank & broker	$5.1M	139K	+0.14M new	Q2 26
4	Brevan Howard Capital ManagementSt. Helier · Hedge fund	Hedge fund	$3.4M	93K	+93K new	Q2 26
5	Altfest L JNew York · Other managers	Other managers	$2.6M	71K	+71K new	Q2 26
6	Discovery Capital Management, LLC / CTSouth Norwalk · Hedge fund	Hedge fund	$2.3M	63K	+63K new	Q2 26
7	Jane StreetNew York · Market maker	Market maker	$2.3M	63K	+63K new	Q2 26
8	Balyasny Asset ManagementChicago · Hedge fund	Hedge fund	$1.8M	50K	+50K new	Q2 26
9	Boothbay Fund ManagementNew York · Hedge fund	Hedge fund	$1.8M	49K	+49K new	Q2 26
10	PMC FIG OpportunitiesJerusalem · Other managers	Other managers	$900K	26K	+26K new	Q2 26

Top 10 of 23 · sorted by value · type is our classificationAll 23 BHYP holders

Institutions in Hyperliquid ETFs ›Institutional holders of all crypto ETFs ›

Long positions on the last day of the quarter, as filed by managers over $100M. Shorts, futures and retail investors are not in 13F. Changes are in shares, so the coin price does not move them.

Other spot Hyperliquid ETFs

BHYP is one of several US-listed spot Hyperliquid ETFs. Compare it with the other funds tracking Hyperliquid:

All 3 on Hyperliquid ETF flows ›

Fund	Issuer	Flow · Thu 29 Oct	Cumulative	Fee	Price	1D
HYPGGrayscale Hyperliquid Staking ETF	Grayscale	—	+$151.6M	0.29%	$31.57	−2.92%
BHYPBitwise Hyperliquid ETFthis fund	Bitwise	—	+$126.1M	0.34%	$50.75	+0.85%
THYP21Shares Hyperliquid ETF	21Shares	—	+$30.8M	0.30%	$51.44	−1.72%

Bitwise at the SEC

BHYP went from first filing to trading in 232 days. Bitwise has 9 crypto ETFs trading, 3 waiting, 2 withdrawn.

All Bitwise filings ›

BHYP’s path to listing

First filing25 Sep 2025
3 amendments
Effective14 May 2026
Trading on NYSE15 May 2026

232 days at the SEC

Filing history

Other Bitwise filings waiting
Waiting fund	Stage	Last document	At the SEC
Bitwise Aptos ETFAptos	Amendingquiet	15 Aug 2025	605 days
Bitwise Sui ETFSui	Filedquiet	18 Dec 2025	317 days
Bitwise Uniswap ETFUniswap	Filedquiet	5 Feb 2026	268 days

Open the filings tracker

About Bitwise Hyperliquid ETF (BHYP)

What the data says

With $126.1M of net inflow since 15 May 2026, BHYP ranks 2nd of 3 Hyperliquid ETFs by money brought in. The leader, HYPG, has drawn $151.6M. Bitwise reports net assets of $176.2M, 39% of the Hyperliquid ETF total and the 2nd largest of 3 by size.

BHYP charges 0.34% a year, the highest fee among 3 Hyperliquid ETFs and 1.1 times the median of 0.30%. On a $10,000 holding that is $34 a year, against $30 at a median-priced fund.

Inflow days outnumber outflow days 38 to 21 in our record since 15 May 2026, with 20 flat days. The record day brought in $23.2M on 27 Aug 2026; the heaviest redemptions, $8.8M, came on 29 Jul 2026. Its best calendar month was May 2026 ($81.7M in); its worst, Oct 2026 ($17.2M out).

In the last 30 trading days to 29 Oct 2026 it took in $8.5M, 2nd of 3 Hyperliquid ETFs over that stretch; the whole Hyperliquid group took in $9.7M.

BHYP is a staking fund: it stakes Hyperliquid it holds to earn network rewards. Among Hyperliquid ETFs, THYP and HYPG also stake.

On average, money in BHYP entered at $69.16 per HYPE. With HYPE at $88.05 on 30 Oct 2026, holders are up +27.3%, or +$36.4M, 3rd best of 3 Hyperliquid ETFs.

Figures as of 29 Oct 2026 (flows, T+1); holders' average entry at the 30 Oct 2026 close. Not investment advice.

BHYP ETF — FAQ

When did BHYP start trading?

BHYP began trading as an ETF on 15 May 2026, 167 days before our latest data.

Is BHYP cheaper than other Hyperliquid ETFs?

No. BHYP charges 0.34% a year. Across 3 Hyperliquid ETFs the fee runs from 0.29% to 0.34%, with a median of 0.30%; BHYP is 3rd from the cheapest.

How much has flowed into BHYP since launch?

Net inflow of $126.1M from 15 May 2026 to 29 Oct 2026, 2nd of 3 Hyperliquid ETFs by money brought in. Net flow is the dollar value of shares created minus shares redeemed.

Are BHYP holders in profit?

Yes, on paper. Our estimate of their average entry is $69.16 per HYPE; the 30 Oct 2026 close was $88.05, a result of +27.3% (+$36.4M). The estimate comes from daily creations and redemptions valued at that day's coin price, not from an issuer report.

What was the biggest day for BHYP?

The largest net inflow was $23.2M on 27 Aug 2026. The largest net outflow was $8.8M on 29 Jul 2026. Counted over 79 trading days through 29 Oct 2026.

Does BHYP stake its Hyperliquid?

Yes. BHYP is one of the staking Hyperliquid ETFs on our list, together with THYP and HYPG. Rewards are earned inside the fund; Bitwise's fund page has the current staking share and reward terms.

Who owns the most BHYP?

Bitwise issues BHYP; the shares are owned by investors. Among institutions filing Form 13F, the largest BHYP holder on June 30, 2026 was Olp Capital Management with 285K shares worth $10.5M, followed by Bank of Montreal ($6.7M) and UBS ($5.1M). In total 23 institutions reported BHYP, worth $40.1M.

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.