Bitwise adds 77,097 HYPE worth $5.18 million via FalconX as ETF fee buybacks expand

Bitwise bought another 77,097 HYPE worth about $5.18 million through prime broker FalconX on June 15. The purchase extends the asset manager’s ongoing accumulation of Hyperliquid’s native token. Bitwise allocates 10% of management fees from its spot Hyperliquid ETF to buying and staking HYPE on its corporate balance sheet, according to Lookonchain.