Bitwise

$BHYP - Now trading on NYSE. Hyperliquid’s rise over the past few years is the stuff of legend. - $4.4 trillion in cumulative volume for perps (DeFiLlama as of 5/14/26) - Ability to process 200K orders/second - HYPE is the 10th largest crypto asset less than two years after being launched, with a market cap of $11 billion (CoinMarketCap as of 5/14/26) - Supports more than 130 perpetual futures markets, including for equities, commodities, and FX (Artemis as of 5/14/26) - Protocol built to return 99% of perp revenues via HYPE buybacks/token burns BHYP gives investors exposure to one of the most disruptive and fastest-growing projects in crypto. We see big things ahead for Hyperliquid. Onward–

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Proud to announce our partnership with @_parrotfinance, a next-generation wealth management platform built on a powerful premise: that everyday investors deserve access to the same professional strategies as institutions. Starting today, Parrot clients can access Bitwise Model Portfolios, a suite of professionally constructed crypto allocations designed to help advisors build crypto sleeves with confidence. Bitwise models span a range of exposure profiles, from broad-based crypto market positions to targeted thematic strategies, all developed using Bitwise research. We're excited to support Parrot's mission by giving their clients access to one of the most dynamic asset classes in the world. Excited for what's ahead!

Crypto equities have been surging. Join us tomorrow to explore why!

What role can crypto, gold, and commodities play as hedges against inflation? Bitwise Senior Investment Strategist @singularity7x will explain why thinking about these assets as interchangeable could be a mistake, and explain the unique opportunity that crypto offers in a portfolio, at the Morningstar Investment Conference on June 18, 2:45 - 3:35 p.m. Don’t miss it!

Crypto equities are having a moment. Join @Matt_Hougan and @singularity7x this tomorrow at 10 am ET as they break down the biggest trends in crypto stocks, where investors are finding opportunity, and what’s next for the sector. They’ll cover: - The popularity of tokenization and how companies are participating - Why bitcoin is down, but crypto equities are up - What the Clarity Act could mean for Circle and stablecoins - How Strategy is positioning itself for the next bull market - The transition of miners from Bitcoin to AI Mark your calendars!

This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus visit bhypetf.com/welcome. The Bitwise Hyperliquid ETF (BHYP or the “Fund”) is not suitable for all investors. An investment in BHYP is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BHYP is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. An investment in BHYP is not the same as a direct investment in Hyperliquid (HYPE). Marketing Agent Foreside Fund Services, LLC. *Compared to all HYPE ETFs and ETPs, including spot and other strategies, that are trading in any market worldwide as of June 16, 2026.

Excited to share that options on the Bitwise Hyperliquid ETF $BHYP—the world’s largest HYPE ETP—are now available for trading on NYSE.* Excited to see momentum building for Hyperliquid and its community—and grateful to be a part of it.

What’s driving the recent crypto equity boom? Tune in Thursday at 10 AM ET for a live discussion with @matt_hougan and @singularity7x to find out! twitter.com/i/broadcasts/1…

This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus visit bhypetf.com/welcome. The Bitwise Hyperliquid ETF (BHYP or the “Fund”) is not suitable for all investors. An investment in BHYP is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BHYP is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. An investment in BHYP is not the same as a direct investment in Hyperliquid (HYPE). Potential staking rewards are earned by the Trust; The Trust intends to distribute its net investment income, including the value of Staking Rewards (net of expenses), to shareholders on a periodic basis. Rewards are not guaranteed, are subject to change, and should not be taken as an indication of the Fund’s performance. Marketing Agent Foreside Fund Services, LLC.

The Bitwise Hyperliquid ETF $BHYP is now staking more than 1 million HYPE. That’s part of the 7.8 million in HYPE ($580 million today) that individuals, institutions, and platforms currently stake through Bitwise Onchain Solutions validators. As Hyperliquid continues to transform financial markets and trading, we’re thankful for the opportunity to give investors a variety of ways to get exposure to HYPE.

Read the full Weekly CIO Meme, "Has the Crypto Market Bottomed?": experts.bitwiseinvestments.com/cio-memos/has-…

Has crypto bottomed? According to three recent reports... - Galaxy Digital: No - NYDIG: Maybe (although probably not) - Standard Chartered: Yes Here's the thing: We’re all asking if the bottom is in. What really matters is whether the top is in.

Huma and @Bitwise co-hosted Institutional Liquidity Dinner during @ethconf, bringing together institutional leaders, builders, and operators working at the forefront of onchain finance, PayFi, and stablecoins. The room included @0xFluid, @Tether, @Chainlink, @Turtledotxyz, @Upshift_fi, and SBI Group. One thing was clear: Institutional adoption of stablecoins for treasury, payments, and settlement has moved from conversations to execution. Conversations around digital assets has never felt more optimistic and urgent. The infrastructure for global onchain finance isn't built alone. Rooms like this are where it starts. Thank you to everyone who joined, and to the @Bitwise team for making it happen together.

We're excited to partner with @Yield_Summit in Singapore to speak with capital allocators about how Bitwise can support their institutional staking and vault strategies. If you're attending, come find us — we'd love to connect.

Vaults are the ETFs of the crypto world 🌏 They package DeFi’s growing opportunity set into a single product that's accessible to institutions, retail, and everyone in between. From our conversation with @RasterlyRock, Head of Research at @Bitwise.

Honored to be named to the inaugural Fortune Crypto 100—a ranking of the crypto industry’s most influential and impactful companies. Equally grateful to the 200 Bitwise employees for their endless commitment to moving the crypto industry forward. Please join us in congratulating all those recognized by Fortune for their great contributions to the space. Onward

Excited to share that Kraken has selected Bitwise to stake a portion of its hyperliquid:native holdings. We’re grateful to extend our partnership with Kraken, one of the top platforms in crypto, to generate onchain yield from one of the most exciting projects in crypto. Hyperliquid.

@Matt_Hougan spoke with more than 40 financial advisors on Monday. He learned two important things: 1) Advisors are still interested in crypto. 2) They're more interested today in stablecoins and tokenization than bitcoin. Details in our latest CIO Memo below. Give it a listen:

Bitwise head of research: 'Crypto vaults are the next evolution of asset management. They are inv funds that live on the blockchain. ETFs 2.0. No fee but the yield “curators” takes 12% of the yield generated. 24/7 trading. They think will grow to several trillion in assets. Currently they have a few billion.' (I’m personally not sold but keeping an open mind and monitoring). @RasterlyRock w Ric Edelman at DACFP