Bitwise disclosed that its holding address has cumulatively purchased approximately $19.78 million worth of HYPE and has staked all of it.

On May 21, according to Arkham data, after Bitwise disclosed its ETF-related on-chain addresses, it has accumulated approximately $19.78 million worth of HYPE and staked it all. Currently, there is an unrealized profit of about $2.4 million. The relevant addresses are participating in staking within the Hyperliquid ecosystem with an annualized yield of approximately 48%, further tightening the circulating supply of HYPE.