Bitwise HYPE ETF resumes accumulation with $10.5m purchase after four-day pause
Bitwise's Hyperliquid ETF bought about $10.5m in HYPE on Sept. 4, ending a four-day gap in tracked purchases, Arkham reported.
Why it matters
The purchase signals that institutional interest in HYPE exposure via regulated products continues, though the significance of a single allocation by one fund is limited. Because only one outlet covered the story and Bitwise has not confirmed the figures, the data should be treated with caution.
Key facts
Bitwise-linked wallets purchased approximately $10.5 million in HYPE on Sept. 4.
10,500,000 USDReported by Crypto.News
The purchase ended a four-day gap without a tracked BHYP accumulation.
Reported by Crypto.News
BHYP tracked HYPE purchases have reached about $166.3 million since launch, according to Arkham.
166,300,000 USDReported by Crypto.News
The $10.5 million transaction was BHYP's largest tracked purchase since a $23.2 million buy on Aug. 27.
23,200,000 USDReported by Crypto.News
Bitwise launched the BHYP fund on NYSE Arca in May, offering direct exposure to HYPE.
Reported by Crypto.News
The BHYP trust uses Anchorage Digital Bank for custody and targets staking 70% of its assets.
70 %Reported by Crypto.News
Bitwise has not issued a public confirmation of the $166.3 million accumulation figure.
Reported by Crypto.News
What happened
Arkham, a blockchain intelligence platform, reported that wallets linked to Bitwise's HYPE exchange-traded fund purchased approximately $10.5 million in HYPE on Sept. 4, ending a four-day stretch with no tracked accumulation by the product. The transaction was BHYP's largest tracked purchase since a $23.2 million buy on Aug. 27, according to Arkham. The platform estimates Bitwise-linked addresses have accumulated roughly $166.3 million in HYPE since the fund launched. Bitwise has not publicly confirmed the $166.3 million figure. Arkham described BHYP as the largest HYPE ETF, a ranking based on its own address attribution and token market-value estimates. The single source for this story is Crypto.News, which relied on Arkham's on-chain data.
How the story developed
- Update
BHYP made its largest tracked purchase of $23.2 million in HYPE
This was the biggest single accumulation before the Sept. 4 transaction, according to Arkham.
- Update
Bitwise-linked wallets resumed HYPE accumulation with a $10.5 million purchase
Arkham reported the transaction on Sept. 6, attributing it to wallets linked to the BHYP fund.
- First report
First report by Crypto.News
Bitwise HYPE ETF adds $10.5m after four-day pause
- Update
Bitwise launched the BHYP HYPE ETF on NYSE Arca
The fund provides direct exposure to the HYPE token and uses Anchorage Digital Bank for custody.
- Update
BHYP accumulated HYPE for four consecutive days then paused
A four-day gap in tracked purchases followed the Aug. 27 activity.
Affected entities
Also mentioned: United States
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto.News Crypto media | Bitwise HYPE ETF adds $10.5m after four-day pause | Original |
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