Bitwise to Buy HYPE Token Using Hyperliquid ETF Fees

Bitwise announced plans to add the HYPE token to its corporate balance sheet using fee revenue from its Hyperliquid ETF. The company said the purchases will be funded with management fees it receives, not with assets held inside the ETF.

Bitwise is an asset manager that operates exchange-traded funds, including the Hyperliquid ETF. Management and operating charges collected by the fund become cash revenue for the firm after they are paid to the manager.

Under the plan, Bitwise will convert some of the cash fees it receives from managing the Hyperliquid ETF into HYPE tokens and record those tokens as part of the company’s corporate treasury. The company described the ETF fees as the funding source and stated the ETF’s portfolio will remain separate from corporate holdings.

The announcement did not include a timetable, the share of fee revenue to be used for purchases, or the expected size of the HYPE position. The company said token holdings will be reflected on its financial statements according to applicable accounting standards.

Tokens on a corporate balance sheet are subject to valuation and reporting rules and may show market-price volatility. Bitwise indicated it will disclose the HYPE holdings in corporate filings and investor communications as required by regulation.

Bitwise provided no additional operational details about how it will use HYPE, including any governance rights or strategic plans for the tokens.