Bitwise announced the launch of the Bitwise Hyperliquid Staking ETP (Ticker BHYP; ISIN DE000A4ARTJ5) on Deutsche Börse Xetra. The product seeks to provide exchange-traded exposure to HYPE, the native token of the Hyperliquid network, tracking the Kaiko HYPE Reference Rate LDNLF index. In addition to price exposure, the ETP is designed to capture staking-related returns generated on the platform, allowing investors to participate in potential yield without having to manage wallets, private keys, or on-chain staking themselves.
Hyperliquid is a blockchain-based trading platform enabling trading of derivatives including perpetual futures. It combines the speed and user experience of traditional exchanges with the transparency of blockchain infrastructure. Hyperliquid operates with a fully on-chain order book and execution system, meaning trades are recorded and verifiable on the network.
The platform has gained traction over the past year, with trading volumes and user activity increasing, reflecting broader demand for more transparent and efficient alternatives to centralized trading venues. For traditional investors, Hyperliquid represents an emerging segment of digital asset infrastructure that brings exchange-like functionality onto blockchain rails. BHYP, issued by Bitwise Europe GmbH in Germany, is the seventh product Bitwise has launched as part of its European Total Return product suite, reflecting the company?s ongoing efforts to expand access to index-linked staking products.
BHYP is fully backed by HYPE tokens held in cold storage. Potential staking rewards, if earned, accrue daily and are reflected in the cryptocurrency entitlement of each ETP unit. The Kaiko HYPE Reference Rate LDNLF index enables investors to track performance net fees.
It can be bought and sold via a regular brokerage account, without the need for a crypto wallet. Staking is a way to generate additional returns for token holders on a blockchain network by locking up their cryptocurrencies for a period of time. This allows them to help validate transactions on the network, which contributes to its security and reliability.
In return, they earn additional tokens. Unlike dividends, which come from company profits, staking rewards compensate holders for performing an active role in maintaining the blockchain. ETP Name Bitwise Hyperliquid Staking ETP Primary Ticker BHYP ISIN /WKN DE000A4ARTJ5 /A4ARTJ Index Benchmark HYPE Reference Rate LDNLF Target NET Staking Reward 1.00% TER 0.85% p.a. Issuer Bitwise Europe GmbH Domicile Germany.
