Introducing the Bitwise Hyperliquid ETF $BHYP—offering 100% direct exposure to spot HYPE. And the first to use in-house staking, rather than a third-party staking provider. Starts trading tomorrow. Why Hyperliquid? We believe Hyperliquid is one of the most important onchain trading platforms in the world. When geopolitical conflict broke out in the Middle East on a Sunday morning and traditional markets were closed, institutions didn't wait until Monday. They turned to Hyperliquid. It's easy to see why. Hyperliquid commands approximately 60% of all onchain perpetual DEX open interest globally (DeFi Llama as of May 13, 2026), processes 200,000 orders per second (Chainspect as of May 13, 2026), and has built a track record of reliability when it matters most. It has achieved remarkable adoption in a short time, entirely without venture capital—and we believe it's poised to be one of the biggest winners as capital markets move onchain. We're thrilled to give investors a convenient, low-cost* way to participate in that opportunity, with staking rewards built in.** Onward.

Bitwise is continuing to dive deeper into DeFi with our first curator role on @Solana. We’re proud to partner with @ethena, @jupiterexchange, and @0xFluid to launch this new market centered around USDe. Capital markets are moving onchain, and we’re excited to help lead the way.

BREAKING NEWS In partnership with @superstateinc, we’re excited to announce the Bitwise Crypto Carry Fund (USCC), our inaugural tokenized fund, and a major step forward in how we serve institutional investors onchain. The fund will transition from Superstate’s management to Bitwise on June 1, 2026, with Superstate continuing to power the onchain rails. The quick summary: What is USCC? USCC is a tokenized fund with more than $267M AUM (as of April 30, 2026) that seeks to earn yield via the crypto cash-and-carry trade, a strategy to generate yield from the gap between the spot and futures prices for $BTC, $ETH, $XRP, and $SOL. Why does this matter? Investors have become more interested in tokenized funds because they have the potential to leverage the unique characteristics of blockchains: 24/7 trading, utility in DeFi, transparency, and efficiency. I’m an investor. Does anything change for me? No—there won’t be any impact or disruption to existing investors during the transition period. After the transition, the fund’s name will change from the Superstate Crypto Carry Fund to the Bitwise Crypto Carry Fund, but it will keep the same USCC ticker, smart contracts, and token address. Superstate will continue to operate the onchain infrastructure via their FundOS platform, including tokenized issuance and digital transfer agency services. I want more information. What can I do? Send us a message here!