Bitwise Stakes $114 Million in HYPE on Hyperliquid as Its Spot ETF Doubles Down

Asset manager Bitwise deposited 1.775 million HYPE worth about $114 million into Hyperliquid and subsequently staked the same tokens. The move expands a position the firm has been building since launching a spot Hyperliquid fund in May. A $114 Million Onchain Bet Bitwise moved 1.

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