Bitwise Accelerates Hyperliquid ETF Debut with Revised Filing

TheNewsCrypto2026-04-11 tarihinde yayınlandı2026-04-11 tarihinde güncellendi

Özet

Bitwise Asset Management has filed a second amendment with the SEC for its spot Hyperliquid ETF, changing the ticker to $BHYP and setting a management fee of 0.67%. Bloomberg analyst Eric Balchunas noted that such updates typically signal an imminent launch, suggesting Bitwise aims to capitalize on HYPE's 200% price surge over the past year. The fund, if approved, will track Hyperliquid's price and trade on NYSE Arca. Bitwise also plans to generate additional returns through HYPE staking, a feature not yet confirmed by competitors Grayscale and 21Shares, who have also filed for similar ETFs.

Reportedly, Bitwise Asset Management has filed a second amendment with the US Securities and Exchange Commission (SEC), marking a significant milestone on the road to launching its planned spot Hyperliquid exchange-traded fund.

Eric Balchunas, a senior ETF analyst at Bloomberg, noted in Friday’s X post that Bitwise has changed the ticker for its Hyperliquid ETF to $BHYP and set a management fee of 0.67%, or 67 basis points.

Balchunas claims that these information being filed usually indicate that the product is about to be launched. He went on to say that the corporation was probably attempting to cash in while the iron was hot, since HYPE had gone up 200 percent in the last year.

This application comes as other asset managers, including as Grayscale and 21Shares, are also attempting to get in on the action by releasing their own exchange-traded funds (ETFs) linked to the crypto perpetual futures protocol and blockchain. Bitwise filed its Hyperliquid ETF with the SEC in September before the other two. A month later, 21Shares filed theirs, and Grayscale did the same at the end of March.

Investors will be able to track the current price of Hyperliquid via Bitwise’s ETF, which would trade on the NYSE Arca stock market if it is approved. Although neither Grayscale nor 21Shares have made it clear that their funds would aim to earn extra returns via HYPE staking, Bitwise said so in the firm’s first December filing revision.

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İlgili Sorular

QWhat is the new ticker symbol and management fee for Bitwise's Hyperliquid ETF as per the revised filing?

AThe new ticker symbol is $BHYP and the management fee is 0.67%, or 67 basis points.

QAccording to Eric Balchunas, what does the filing of this information typically indicate about the product?

AIt typically indicates that the product is about to be launched.

QWhich other asset management companies are also attempting to launch ETFs related to the crypto perpetual futures protocol and blockchain?

AGrayscale and 21Shares are also attempting to launch their own related ETFs.

QOn which stock market is Bitwise's Hyperliquid ETF planned to trade if it gets approved?

AIt is planned to trade on the NYSE Arca stock market.

QWhat specific feature did Bitwise mention in its first December filing revision that distinguishes its fund from those of Grayscale and 21Shares?

ABitwise stated that its fund would aim to earn extra returns through HYPE staking, a feature not clearly stated by Grayscale or 21Shares.

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