Bitwise Files for HYPE ETF Amidst Growing Interest
- Bitwise has submitted an amended registration statement for a proposed ETF linked to Hyperliquid’s HYPE token.
- The fund will trade under the ticker BHYP and aims to directly hold HYPE, listing on NYSE Arca.
- It includes a staking component, retaining about 85% of staking rewards after fees.
- The fund features a management fee of 0.67% and custody services from Anchorage Digital.
- HYPE’s price has increased by approximately 200% over the last year, driven by its popularity in decentralized trading.
The proposed token ETF reflects growing investor interest in crypto assets and offers exposure without needing traditional exchanges or wallets. The inclusion of staking could enhance returns for investors.
With HYPE’s significant price growth of around 200%, Bitwise’s ETF filing positions it well within the evolving cryptocurrency market landscape.
