Bitwise’s spot Hyperliquid ETF, trading under the ticker BHYP, has now staked approximately $74.9 million worth of $HYPE, the native token of the Hyperliquid protocol. This marks a significant step in integrating staking into regulated investment products, as on-chain data confirms the fund’s ongoing accumulation and staking activity.

On-Chain Data Reveals Recent Staking Activity

According to blockchain tracking platform Onchain Lens, an address associated with BHYP, beginning with 0x6183, added 188,790 $HYPE worth around $15.19 million to staking just two hours ago. This latest move brings the total staked amount to $74.9 million, underscoring the fund’s active participation in the Hyperliquid network.

Staking in a spot ETF…