Bitwise is signaling the upcoming launch of a US exchange-traded fund (ETF) tied to the decentralized buying and selling community Hyperliquid.
In an amended registration assertion filed with the SEC, the digital asset index fund supervisor disclosed vital operational particulars for the proposed product.
BHYP Ticker For Bitwise’s Hyperliquid ETF
Bitwise’s submitting says the belief’s major goal is to supply publicity to the worth of Hyperliquid held by the car. The fund’s secondary goal is to earn staking rewards.
“In reference to its funding goal of in search of to derive further Hyperliquid by way of staking, the Belief will stake some or all the Hyperliquid held within the Belief Hyperliquid Accounts,” the submitting said.
In the meantime, the brand new submitting introduces the ticker image BHYP and establishes a sponsor charge of 67 foundation factors.
Business specialists famous that these inclusions characterize one of many closing procedural hurdles earlier than a fund goes reside on nationwide exchanges.
If permitted by securities regulators, the Hyperliquid fund will combine right into a quickly increasing suite of Bitwise funding automobiles.
Over the previous yr, the asset supervisor has aggressively expanded its product lineup past legacy property corresponding to Bitcoin and Ethereum. The agency has been offering regulated publicity for various layer-one networks and protocols, together with Solana, Chainlink, and XRP.
In the meantime, the push for a US spot product follows carefully on the heels of Bitwise’s worldwide enlargement.
On April 9, the agency listed the Bitwise Hyperliquid Staking bodily backed product on the Deutsche Börse Xetra. That instrument tracks the Kaiko HYPE Reference Price LDNLF index.
The fund robotically captures on-chain staking yields, sparing institutional allocators the operational friction of managing non-public keys and self-custody infrastructure.
HYPE Outperforms Crypto Bear Market
For the reason that starting of the yr, Hyperliquid’s HYPE has emerged as one of many best-performing digital property.
The altcoin has surged 66% for the reason that starting of 2026. This demonstrates distinct relative energy towards a broader digital asset market that has struggled to seek out its footing early within the yr.
A big catalyst for Hyperliquid’s latest outperformance is its underlying utility in periods of acute macroeconomic stress. As army hostilities flared within the Center East involving the US, Israel, and Iran, conventional monetary markets had been shuttered for the weekend.
Throughout that liquidity hole, institutional and retail individuals aggressively rotated into Hyperliquid’s blockchain-based infrastructure.
The decentralized platform turned a vital venue for merchants in search of to hedge geopolitical dangers. They used artificial perpetual futures contracts to realize publicity to international benchmarks corresponding to Brent crude and gold earlier than the latest Pakistan-brokered ceasefire took impact.
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