Bitwise Hyperliquid ETF Launches on NYSE, as Metaplanet Reports Staggering $725M First-quarter Loss - Tekedia

Bitwise launched the Hyperliquid ETF (BHYP) on the NYSE, giving investors regulated exposure to Hyperliquid’s HYPE token and staking-derived yield.

The product wraps crypto protocol cash flows and rewards into a traditional ETF structure, potentially widening institutional access to decentralized exchange infrastructure.

In the same report, Metaplanet posted a $725 million first-quarter loss, even as it kept pursuing its Bitcoin-focused treasury strategy.

The two stories underscore both the growing packaging of crypto into regulated products and the financial volatility of corporate Bitcoin bets.