Bitwise Submits Second Amended Hyperliquid ETF Filing — Launch Imminent?
Bitwise has filed a second amended application with the SEC for its spot Hyperliquid (HYPE) ETF, adding FalconX, Flowdesk, Nonco, and Wintermute as approved trading counterparties. This update, highlighted by Bloomberg analyst Eric Balchunas, suggests an imminent launch. Bitwise is positioned to be the first to market with a HYPE ETF, ahead of competitors 21Shares and Grayscale. The proposed fund, with ticker BHYP and a 0.67% management fee, plans to generate additional yield through staking. Meanwhile, HYPE's price has surged over 65% year-to-date, trading near $43 amid strong market performance.
bitcoinist04/12 19:02