Summary
- Bitwise is speeding up final preparations to launch a spot ETF tied to Hyperliquid (HYPE).
- In a filing with the SEC, Bitwise set the Hyperliquid ETF's ticker at 'BHYP' and its annual management fee at 0.67%%.
- Eric Balchunas said the ETF launch appears aimed at capturing the opportunity created by Hyperliquid's recent strong rally.
Forecast Trend Report by Period
Bitwise Asset Management is moving into the final stages of launching a spot exchange-traded fund tied to Hyperliquid's HYPE token. The disclosure of a ticker and fee typically signals that a listing is near.
In an updated filing with the Securities and Exchange Commission on July 10, Bitwise said the ETF will trade under the ticker BHYP and carry an annual management fee of 0.67%.
Eric Balchunas, Bloomberg Intelligence's senior ETF analyst, said such updates usually mean a launch is imminent. With Hyperliquid posting a sharp recent rally, Bitwise appears to be looking to capture that momentum.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
