- Bitwise has updated its Hyperliquid ETF filing to include the ticker BHYP and a 0.67% management fee.
- The amended filing adds to signs that the firm may be preparing to launch soon as competition for the first Hyperliquid ETF intensifies.
Bitwise appears to be moving a little closer to launching a Hyperliquid ETF, and the latest filing changes are the sort of details the market tends to notice.
The asset manager has submitted a second amended filing for its proposed product, adding the ticker BHYP and setting the management fee at 0.67%, or 67 basis points. On its own, neither detail is dramatic. Together, though, they usually suggest a filing is entering a more final stage.
Ticker and fee details point to a product nearing market
Bloomberg senior ETF analyst Eric Balchunas said on X that the addition of a ticker and fee often means a launch could be coming soon. That is not a guarantee, of course. ETF filings can still face delays, revisions or shifting timelines. But in practice, these are usually not the first things issuers bother to finalize unless the product is getting closer to being market-ready.
The timing also makes sense. Hyperliquid has been one of the more closely watched names in crypto over the past year, and Balchunas noted that HYPE is up roughly 200% over that stretch. For an issuer, that creates a fairly obvious incentive to move while investor interest is still elevated.
The race for a Hyperliquid fund is starting to crowd
Bitwise is not alone here. Other asset managers, including Grayscale and 21Shares, are also pushing to launch products tied to Hyperliquid, the crypto perpetual futures protocol and blockchain that has drawn increasing attention from both traders and ETF issuers.
That competition matters because being first still carries weight in crypto ETFs. Early products tend to capture more attention, more flows and, often enough, more long-term relevance.
For Bitwise, the amended filing suggests the firm wants to be in that first wave rather than arriving after the category is already defined. The next question is whether the SEC process moves quickly enough for that advantage to still be available when BHYP is ready.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy Adds $1B In Bitcoin, Saylor Assures Continuous Coverage Of Dividends
Strategy added 13,927 Bitcoin to its reserves, valued at $1 billion.
The company now has 780,897 BTC in its treasury, nearly rivaling BlackRock’s 788,927 BTC for its spot Bitcoin ETF.
Executive Chairman Michael Saylor assured investors that the business’s growing value will enable it to
Blockzeit1h ago
Can bypass Financial Supervisory Commission (FSC) rules to buy crypto with credit cards? ODC pushes a Wallet Pro service for buying crypto with U.S. debit cards
OdinDentis (Odinting?) launched the OwlPay and Wallet Pro services, focusing on B2B cross-border payments. By combining stablecoin technology with international financial systems, it showcases its fintech transformation. Through its partnership with MoneyGram, Wallet Pro enables cross-border transfers of stablecoins purchased with cash, and operates in the U.S. market. The company’s overseas model bypasses Taiwan’s strict regulation and, under the new draft law, challenges the market competition landscape; in the future, it will affect local operators’ compliance strategies.
CryptoCity1h ago
TradFi Fall Alert: XUNCE (XUNCE 03317.HK) Falls Over 4%
Gate News: According to the latest Gate TradFi data, XUNCE (XUNCE 03317.HK) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews1h ago
Gate TradFi launches 15 Hong Kong stock pairs and 6 forex CFD trading pairs, supporting up to 20x leverage
Gate News message: According to the official announcement, the Gate TradFi Stock Trading Zone has launched 15 stock CFD pairs for Tencent, Meituan, Xiaomi, Kuaishou, AIA Insurance, Geely Automobile, Zhipu, MINIMAX, Xunce, Lenovo, Kangfang Bio, CITIC Shares, Rongchuang China, China Biopharmaceutical, Anta Sports, all of which support 4x fixed leverage, with a minimum order quantity of 0.1.
In addition, the Gate TradFi FX Trading Zone has launched 6 foreign-exchange CFD pairs: EUR/Hungarian Forint, USD/Hungarian Forint, USD/Indonesian Rupiah, USD/Indian Rupee, USD/Thai Baht, and USD/New Taiwan Dollar. All pairs support 20x fixed leverage, with a minimum order quantity of 0.01.
GateAnnouncement1h ago
Trump’s net worth jumps 60% to $6.3 billion as business expansion sparks controversy over potential conflicts of interest
Trump’s net worth is estimated at $6.3 billion, up about 60% before his return to the White House. This growth is mainly driven by his family’s expansion into overseas real estate deals and the cryptocurrency sector. Government ethics experts say they are concerned and believe there may be conflicts of interest. The White House and the Trump Organization deny such claims.
GateNews1h ago
Citigroup raises its U.S. stock market rating to “Buy,” favoring defensive stocks
Gate News message, April 14, Citi Group’s strategists raised their rating for the U.S. stock market from "Neutral" to "Buy," aligning with the views of other analysts on Wall Street. Citi said that heightened uncertainty in the war situation has made investors more inclined to choose companies with higher quality and stronger defensiveness. Based on the principles of a "quality/defensive tilt," Citi adjusted its global asset allocation. Meanwhile, Citi downgraded its emerging market stock rating from "Buy" to "Neutral," saying these markets are more vulnerable to energy shocks, and that a stronger U.S. dollar puts additional pressure on them.
GateNews2h ago
