Bitwise’s management company has filed a second amendment to Form S-1 to launch a spot ETF based on $HYPE. Ahead of the expected listing, the firm updated its list of counterparties and disclosed operational details.

According to the document, the fund’s trading partners will be FalconX, Flowdesk, Nonco, and Wintermute. At the same time, the A1 structure affiliated with Anchorage was removed from the list.

The future exchange-traded product has been assigned the ticker BHYP. The management fee will be 0,67% per year. Anchorage Digital Bank was selected as the asset custodian, and the daily price benchmark will be calculated by CF Benchmarks.

According to Bloomberg Intelligence analyst Eric Balchunas, the disclosure of the ticker and fee information indicates a soon-to-launch instrument. The fund plans to allocate most of its assets to staking, leaving 30% as a liquidity reserve. The reward fee will be 15%. One of the staking operators may be the company Attestant.

On 9 апреля, Bitwise Europe’s division listed a similar staking-supported product on the German exchange Xetra under the same ticker BHYP.