Oil prices spiked on the Hyperliquid platform after President Donald Trump ordered a naval blockade of the Strait of Hormuz
According to the latest report, Bitwise has taken a step closer toward the launch of its proposed spot Hyperliquid (HYPE) exchange-traded fund (ETF) after filing a second amendment with the United States Securities and Exchange Commission.
Bittensor, the top AI crypto token by market cap, is up 47% this year. Hyperliquid is a popular decentralized exchange for trading high-risk financial products, including tokenized oil futures.
Arthur Hayes, co-founder of BitMEX, has added to his Hyperliquid (HYPE) position, purchasing 26,022 tokens worth approximately $1.1 million.
Bitwise Asset Management has submitted an updated amendment to the US Securities and Exchange Commission for its proposed Hyperliquid spot exchange-traded fund. The latest filing discloses the ticker symbol $BHYP alongside a management fee structure of 0.67%, equivalent to 67 basis points.
HYPE climbs on ETF momentum, testing resistance as technical indicators signal a strong but stretched trend
Bitwise just dropped another amendment. The asset manager filed paperwork Thursday to add Wintermute and Flowdesk as official trading counterparties for its Hyperliquid ETF, marking the second time the company has tweaked the fund's structure since launch preparations began.
The filing comes a day after Bitwise Europe listed a physically-backed Hyperliquid staking ETP on Deutsche Börse Xetra.
Meanwhile, HYPE's price surged to a three-week high above $42.
Bitwise Asset Management filed another amendment to its pending U.S. spot exchange-traded fund (ETF) for Hyperliquid's HYPE token this week, reconfirming its BHYP ticker and 0.67% management fee as Bloomberg senior ETF analyst Eric Balchunas signaled a launch could be imminent.
HYPE has surged around 200% over the last 12 months. Other asset managers including Grayscale, 21Shares, and VanEck are also eyeing HYPE-linked ETFs.
Bitwise Asset Management is entering the final stage of launching a US-listed exchange-traded fund tied to Hyperliquid, with its latest regulatory filing coinciding with sustained strength in the underlying token.