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.
Grayscale made waves Tuesday. The crypto investment giant added HYPE, TON, and TRX to its second-quarter watchlist and filed paperwork for a spot HYPE exchange-traded fund with regulators.
Hyperliquid capital inflows have slowed down and could derail HYPE's April recovery
Bitwise updated its Hyperliquid ETF filing with a ticker and fee as competition grows for the first spot HYPE fund.
Bitwise has taken a major step toward launching a Hyperliquid ETF by confirming the ticker BHYP and a 0.67% fee, signaling the product is likely in its final stages before approval. If launched, the ETF could bring significant institutional capital into Hyperliquid and further boost demand for its native token HYPE.
Bitwise added the ticker $BHYP and a 0.67% management fee in its latest filing, signaling a potential launch soon, according to Bloomberg's senior ETF analyst.
Whale activity on Hyperliquid (HYPE) has intensified, with a new wallet deploying $5 million in USDC and already allocating nearly half into HYPE purchases. The token has reclaimed key moving averages, reinforcing a constructive technical setup.