Bitwise Hyperliquid ETF Filing Signals Imminent Crypto Milestone
5.6 Investments Bitwise has amended its Hyperliquid ETF filing, adding key details like ticker BHYP, a 0.67% fee, and staking features, signaling an imminent launch and a major step for regulated crypto exposure.
Bitwise has filed an amended S-1 with the SEC for its Hyperliquid (HYPE) spot ETF, signaling a potential imminent launch. The updated filing includes the ticker symbol BHYP, a 0.67% annual management fee, and operational details such as custody and staking arrangements with Anchorage Digital Bank. The ETF will physically hold HYPE tokens and stake a portion to generate rewards, with net asset value tracked by CF Benchmarks. The inclusion of the 8(a) provision allows the ETF to become effective automatically after a waiting period, bypassing a formal SEC approval vote. The fund is structured as a grantor trust, with shares created and redeemed in blocks of 10,000, and is planned for listing on NYSE Arca. These amendments are typically the final step before an ETF launches, suggesting trading could begin soon. Approval would provide regulated, direct exposure to Hyperliquid for investors, marking a significant development in crypto investment products.
