Bitwise BHYP Hyperliquid ETF don start trading for NYSE wit in-house staking

Bitwise spot Hyperliquid ETF wey dem dey call BHYP don start trading for NYSE today. The fund dey charge 0.34% sponsor fee, but dem waive am for one month on top the first $500M assets. One big edge wey e get comot rear competitors: BHYP dey use Bitwise in-house staking through Bitwise Onchain Solutions, no dey rely on third-party staking—this fit help keep staking yield for ETF holders. The launch come two days after 21Shares launch their competing Hyperliquid ETF, THYP, wey dey route staking through third parties—this set up near-term "fee vs staking margin" comparison for institutional demand for HYPE. HYPE don strong, up about 20% over two days and dey trade above $46, and the article talk say wider ecosystem momentum dey. Coinbase go become official treasury deployer for USDC on Hyperliquid as an "Aligned Quote Asset," wey go reinforce USDC role for Hyperliquid capital markets infrastructure. Flow signals: THYP reportedly get $1.8M trading volume on day one and $8.31M by Thursday, with cumulative net inflows around $2.52M (SoSoValue). For context, the article mention Hyperliquid big derivatives footprint and put HYPE market cap near $11.8B. For traders, BHYP add regulated US access plus staking-based yield participation to HYPE. Make you watch follow-through on ETF inflows and any spread in performance versus THYP as market price staking economics.