Bitwise Moves Closer to Launching Hyperliquid ETF with New Filing
- Bitwise Asset Management filed a second amendment for its proposed spot ETF with the US Securities and Exchange Commission.
- The updated filing includes the ticker $BHYP and a management fee of 0.67% (67 basis points).
- The price of HYPE has risen approximately 182% over the past year, reaching around $41.96.
- Hyperliquid generated $492.7 billion in trading volume during Q1, ranking it among the top ten crypto derivatives platforms.
The filing indicates that Bitwise is preparing for a potential launch of its ETF on the NYSE Arca stock exchange, offering exposure to Hyperliquid’s spot price. With HYPE’s significant price increase and strong trading volume, investor interest in this product is likely to grow.
If approved, Bitwise’s ETF could capitalize on the current market momentum as HYPE is up about 200% over the past year.(Source)
