• Bitwise’s amended S-1 filing includes key details like Section 8(a) for flexibility, ticker $BHYP, and a competitive 0.67% fee structure.

• VanEck and Grayscale are also advancing similar Hyperliquid and staking ETF proposals, reflecting strong institutional interest in yield-generating crypto products.

• The ETF references the CF Hype Dollar benchmark, issues shares in 10,000-unit creations, and uses aggregated data from Hyperliquid platforms for net asset value calculations, per SEC filings.

Discover Bitwise’s Hyperliquid ETF filing: ticker $BHYP, 0.67% fee, and potential 2025 NYSE Arca launch. Gain insights on regulated crypto exposure amid growing competition from VanEck and Grayscale. Stay informed on ETF trends today!

What Is the Bitwise Hyperliquid ETF and How Does It Work?

The Bitwise Hyperliquid ETF is a proposed exchange-traded fund designed to provide investors with targeted exposure to the Hyperliquid ecosystem through a regulated vehicle. Filed initially in late September and amended on December 15, the ETF would list on NYSE Arca and operate under a trust structure, issuing shares continuously without requiring direct ownership of Hyperliquid tokens. It tracks the CF Hype Dollar US Settlement Price from CF Benchmarks Ltd., which aggregates trade data across Hyperliquid platforms to determine the fund’s net asset value, ensuring transparency and accuracy in valuation.

How Does the Bitwise Hyperliquid ETF Filing Impact Investors?

The amendment adds crucial details that enhance the filing’s readiness for SEC review, including Section 8(a) provisions under the Securities Act of 1933, which allow for a delayed effective date if market conditions warrant it. With a management fee of 0.67%, the ETF positions itself competitively against other crypto funds, potentially attracting institutional and retail investors seeking yield without the complexities of direct cryptocurrency custody. Bloomberg senior ETF analyst Eric Balchunas, in a post on X, emphasized that this update moves Bitwise closer to launch, noting the inclusion of the ticker symbol $BHYP as a strong indicator of imminent progress. Each creation or redemption unit comprises 10,000 shares, valued based on Hyperliquid’s price minus expenses and liabilities, offering a straightforward way to participate in the ecosystem’s growth. This structure mitigates risks associated with token volatility while providing liquidity through exchange trading. As per SEC guidelines, the fund’s operations would prioritize investor protection, drawing on Bitwise’s established expertise in crypto asset management since its founding in 2016. Industry data from 2024 shows that spot crypto ETFs have amassed over $100 billion in assets under management, underscoring the demand for such products. Experts like Balchunas predict that Hyperliquid ETFs could follow suit if approved, given the protocol’s innovative perpetual futures model that has driven significant trading volumes exceeding $1 trillion in the past year.

Frequently Asked Questions

What Are the Key Details of Bitwise’s Amendment No. 1 for the Hyperliquid ETF?

Bitwise’s Amendment No. 1, submitted on December 15, incorporates Section 8(a) for regulatory flexibility, assigns the ticker $BHYP, and sets a 0.67% annual management fee. It confirms the fund’s intent to list on NYSE Arca under the Securities Act of 1933, enabling continuous share issuance through a trust. This positions the ETF for potential launch by year-end, providing exposure to Hyperliquid via the CF Hype Dollar benchmark without direct token holdings.

Is the Bitwise Hyperliquid ETF Likely to Launch in the US Soon?

Yes, the recent amendment suggests a possible US launch by the end of the year on NYSE Arca, as it addresses key SEC requirements and signals readiness for approval. While the SEC has not yet greenlit any Hyperliquid ETF, Bitwise’s proactive filing, combined with precedent from approved Bitcoin and Ethereum funds, indicates growing regulatory comfort with such products. Investors should monitor official SEC updates for confirmation, but the 0.67% fee and structured benchmark enhance its appeal for voice-assisted queries on crypto investment options.

Key Takeaways

• Strategic Amendment Filing: Bitwise’s update adds essential elements like the $BHYP ticker and 0.67% fee, streamlining the path to SEC approval and potential year-end trading.
• Competitive Landscape: With VanEck pursuing staking-focused Hyperliquid ETFs and Grayscale expanding yield products, the market shows robust demand for regulated crypto exposure, backed by over $100 billion in existing ETF assets.
• Investor Benefits: The ETF offers indirect Hyperliquid access via a trusted benchmark, reducing custody risks—consider diversifying portfolios with such funds for balanced crypto yield strategies.

Conclusion

The Bitwise Hyperliquid ETF filing, with its amended details including the $BHYP ticker and 0.67% fee, highlights the accelerating integration of innovative protocols like Hyperliquid into mainstream finance. As competitors such as VanEck advance staking ETF proposals and Grayscale demonstrates success with yield-bearing products, this development underscores the SEC’s evolving stance on crypto ETFs. Investors poised for regulated opportunities in the Hyperliquid ecosystem should watch for approval announcements, which could herald a new era of accessible, low-fee crypto investments by year-end.

Bitwise files Amendment No.1 for Hyperliquid ETF, adding ticker $BHYP, 0.67% fee, signaling a possible U.S. launch by year-end on NYSE Arca.

• Bitwise’s Hyperliquid ETF filing with SEC includes Section 8(a), ticker $BHYP, and 0.67% fee, hinting at imminent launch.
• VanEck and Grayscale also pursue Hyperliquid and staking ETFs, highlighting growing demand for regulated crypto yield products.
• ETF uses CF Hype Dollar benchmark, issuing 10,000-share units, giving exposure without direct token ownership.

Bitwise Asset Management might roll out its new Hyperliquid ETF before the end of the year after updating its paperwork with U.S. regulators. On December 15, the company submitted an amended registration to the SEC, suggesting the fund could start trading soon.

Bloomberg senior ETF analyst Eric Balchunas highlighted the update on X, noting the amendment added Section 8(a), a 0.67% annual fee, and the ticker symbol $BHYP. The filing confirms Bitwise’s intent to proceed under the Securities Act of 1933 and provides flexibility to delay the effective date if necessary.

The original S-1 filing for the Hyperliquid ETF appeared in late September, marking Bitwise’s first formal push into a Hyperliquid-focused product. The amended prospectus details that the fund will list on NYSE Arca and issue shares continuously through a trust structure. It will reference the CF Hype Dollar US Settlement Price from CF Benchmarks Ltd., aggregating trade data from multiple Hyperliquid platforms to calculate net asset value. 

Each creation and redemption unit will consist of 10,000 shares, determined by the Hyperliquid value per share after expenses and debts. Consequently, investors gain exposure to the Hyperliquid ecosystem without holding tokens directly.

ETF Launch Nears Amid Competitive Pressure

Besides Bitwise, other issuers are pursuing Hyperliquid ETFs. VanEck filed a staking-focused Hyperliquid ETF weeks before Bitwise’s S-1 submission. Moreover, VanEck is targeting two European Hyperliquid ETFs, where regulatory hurdles are comparatively lower. 

However, the SEC has yet to approve any Hyperliquid ETF, and staking ETFs could face added scrutiny due to decentralized exchange involvement. Grayscale’s recent introduction of staking in its Ethereum and Solana ETFs demonstrates investor appetite for yield-bearing crypto products, setting a precedent for U.S. regulators.