HYPEETF

Bitwise Asset Management filed an S-1 registration with the U.S. Securities and Exchange Commission on September 25, 2025, seeking approval for the first spot ETF tied to Hyperliquid’s $HYPE token.

What does the filing include? The ETF features in-kind creations and redemptions, a 0.95% expense ratio, and Coinbase Custody as the custodian. It is designed to track $HYPE’s spot price through aggregated trade data.
How strong is Hyperliquid’s position in the market? The Layer-1 blockchain currently powers a decentralized perpetual futures exchange that holds over 40% of the perp DEX market, with daily volumes exceeding $5 billion.
Why now? The token has faced price declines in recent weeks as competition from rivals like Aster intensified. The filing arrives as altcoin ETF proposals continue to face extended reviews.
What comes next? The SEC has up to 240 days to evaluate the application, extending a timeline that has delayed multiple altcoin ETF decisions.
$DOGE $SOL
#PCEInflationWatch #MarketPullback #BinanceHODLerHEMI #HYPEETF