Bitwise don file amendment for second Hyperliquid spot ETF, HYPE launch dey near
Bitwise don file second amended application wit US SEC for dia proposed spot Hyperliquid ETF (HYPE spot ETF), dem update di list of approved trading counterparties before possible launch. Di April 10 amendment name FalconX, Flowdesk, Nonco, and Wintermute.
For di earlier December 2025 amendment, Bitwise show say fund ticker na BHYP, dem set annual management fee 0.67%, and propose to add extra returns by staking part of di HYPE holdings. Bitwise still plan to pass about 85% of net staking rewards to investors. Bloomberg ETF analyst Eric Balchunas tok say di latest update mean say HYPE spot ETF launch fit dey near.
Competition dey build: 21Shares file dia own Hyperliquid ETF for Oct 2025, and Grayscale submit similar filing end of Mar 2026. If SEC approve am, Bitwise product go trade for NYSE Arca and go track spot price of Hyperliquid native token, HYPE.
Market context: HYPE don be top performer, up about 65% YTD and near 200% over di past year. E just reclaim di $40 area and dey trade just under $43 at time of writing, up about 3% for di day.
For traders, as SEC review dey progress e fit add event-driven momentum to HYPE. Make una watch SEC feedback and listing timelines, because headline risk fit increase volatility around di HYPE spot ETF approval window.
Bullish
Dis wan constructive regulatory development for HYPE spot ETF: Bitwise second amended filing don add specific approved trading counterparties, and analyst commentary dey show say launch timing fit near. If dem approve am, di product fit broaden access to HYPE price exposure through traditional brokerage channels (BHYP for NYSE Arca), wey fit improve demand expectations.
For short term, market often dey react to ETF filing progress with momentum and higher volatility, specially for token wey don dey run strong (HYPE don near $40 area again). For long term, approval likely go reinforce institutional narrative around HYPE and fit support more sustained flows.
Risk-wise, traders still suppose account for SEC review uncertainty and headline-driven swings. But based on di tone for both summaries, di incremental filing progress more likely to support upside for HYPE than to harm am.