Bitwise amends Hyperliquid ETF filing, finalizes ticker and fee
Bitwise filed an amended registration for its Hyperliquid ETF, setting the ticker BHYP and a 0.67% fee, suggesting an imminent launch.Summary
Crypto asset manager Bitwise has submitted an amended registration statement to the SEC for its proposed Hyperliquid ETF, signaling that a launch is approaching. The filing specifies that the ETF will trade on NYSE Arca under the ticker BHYP and will carry an annual management fee of 0.67%. According to Bloomberg Intelligence analyst Eric Balchunas, finalizing the economics, ticker, and effectiveness language are late-stage markers typically preceding an ETF launch. Bitwise initially filed for this ETF, which seeks to track the value of the HYPE token and generate returns via staking, in September. This move occurs amid growing competition, as 21Shares also filed for a Hyperliquid ETF in October but has not yet disclosed its fee or ticker.
(Source：The Block)