Bitwise sees Hyperliquid as future of finance, notes HYPE ETF popularity

Crypto asset manager Bitwise, the issuer of the Hyperliquid (HYPE) spot ETF, believes the protocol has the potential to lead the future of finance. In an interview with CoinDesk, Ryan Rasmussen, Head of Research at Bitwise, explained that Hyperliquid is expanding its trading ecosystem to include features like perpetual futures, prediction markets, and spot trading. He highlighted stock tokens, stablecoin support, and 24-hour trading as key strengths, suggesting Hyperliquid could become the system on which most traditional finance operates. Rasmussen also noted significant investor interest following the recent launch of the HYPE spot ETF. He added that Bitwise is considering staking HYPE itself to maximize returns for ETF investors and is allocating 10% of its management fees to purchase HYPE tokens for its balance sheet.