people · May 22, 2026
Wall Street Bets on On-Chain Markets via Hyperliquid ETFs
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Bitwise Head of Research Kam Benbrik discussed Hyperliquid ETFs on May 19, 2026, emphasizing the fully on-chain order book and verifiable positions. Hyperliquid separates HyperCore trading engine from HyperEVM smart contracts. Coinbase and Circle expanded involvement in Hyperliquid USDC liquidity. Grayscale and other issuers pursue products tied to protocols with measurable on-chain revenue and fee generation.
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