Bitwise's BHYP Spot HYPE ETF Debuts on NYSE With $25.5M Inflows and Fee Waiver

Bitwise Asset Management's physically backed spot HYPE ETF (BHYP) began trading on the NYSE on May 15, 2026, with a 0.34% sponsor fee and a temporary waiver to 0% on the first $500M in AUM for its first month. Within 48 hours, two US-listed HYPE ETFs saw a 50% single-day volume jump on May 20 and $25.5M in net inflows, including $8.8M into BHYP. The report also points to Hyperliquid's fee share and automated buybacks as potential price-support factors for HYPE at key levels.