In keeping with the most recent report, Bitwise has taken a step nearer towards the launch of its proposed spot Hyperliquid (HYPE) exchange-traded fund (ETF) after submitting a second modification with the USA Securities and Trade Fee.
Bitwise Updates Record Of Countertrading Events In Hyperliquid ETF Submitting
On Friday, April tenth, Bitwise submitted its second modification to its spot Hyperliquid with the SEC, introducing new names to the record of accredited buying and selling counterparties forward of an imminent launch within the US. This newest submitting included FalconX, Flowdesk, Nonco, and Wintermute as accredited buying and selling counterparties for the asset supervisor.
Earlier in its first modification submitting in December 2025, Bitwise revealed the fund’s BHYP ticker, an annual administration price of 0.67%, and a proposal to generate extra revenue via HYPE staking. Additionally, the asset administration fund had listed three buying and selling counterparties on the time, together with A1 (now dropped off), Nonco, and Solios (disclosed as a d/b/a of FalconX).
Supply: @EricBalchunas on X
In a put up on the social media platform, Bloomberg senior ETF analyst Eric Balchunas highlighted the second modification submitting, saying that this newest replace means that the fund’s launch may be imminent. Regardless of competitors from two different asset managers, Bitwise seems to be set to win the race for the primary spot ETF linked to Hyperliquid’s native token, HYPE.
21Shares adopted with an utility of its personal to launch a Hyperliquid ETF in October 2025, whereas Grayscale submitted its personal submitting in late March 2026. Upon approval (which seems to be like a matter of when somewhat than if), Bitwise’s HYPE ETF will debut on the NYSE Arca inventory alternate and provide buyers publicity to the spot value of Hyperliquid.
HYPE Value Overview
Regardless of the raging market uncertainty this yr, Hyperliquid’s native token HYPE has been among the best performers to this point. Actually, it may be mentioned that the decentralized perpetual futures buying and selling protocol has been one of many main winners from the Center East tensions, as merchants seemed to realize market publicity even outdoors of standard buying and selling hours.
Knowledge from CoinGecko exhibits that the value of HYPE is up by greater than 65% year-to-date and nearly 200% up to now full yr. As bullish momentum returned to the cryptocurrency market his week, buyers have seen the altcoin’s value reclaim the $40 mark, leaping by almost 20% up to now week.
As of this writing, the value of HYPE sits simply beneath $43, reflecting a virtually 3% leap up to now 24 hours.
The value of HYPE on the every day timeframe | Supply: HYPEUSDT chart on TradingView
Featured picture created by DALL.E, chart from TradingView
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