Hyperliquid (HYPE) ETF Inches Closer as Bitwise Files Key Amendment and Hayes Adds to Position
The post Hyperliquid (HYPE) ETF Inches Closer as Bitwise Files Key Amendment and Hayes Adds to Position appeared on BitcoinEthereumNews.com.
Key Highlights Bitwise submitted its second amendment for a Hyperliquid ETF, revealing the ticker symbol $BHYP and a management fee of 0.67%. Eric Balchunas from Bloomberg ETF analysis indicated these additions usually precede an imminent product rollout. HYPE has surged approximately 65% year-to-date in 2026, currently priced near $41.96, with a 12-month gain of about 182%. BitMEX co-founder Arthur Hayes acquired 26,022 HYPE tokens valued at over $1 million, marking his first buy in nearly three months. The Hyperliquid platform entered the top 10 derivatives exchanges by volume in early April, recording $492.7 billion in Q1 trading activity. Bitwise Asset Management has submitted an updated amendment to the US Securities and Exchange Commission for its proposed Hyperliquid spot exchange-traded fund. The latest filing discloses the ticker symbol $BHYP alongside a management fee structure of 0.67%, equivalent to 67 basis points. Hyperliquid (HYPE) Price Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted the amendment on X, explaining that including such specifics generally indicates an imminent product debut. He pointed out that HYPE has appreciated 200% annually and suggested Bitwise appears eager to capitalize on current market conditions. Bitwise w another update to Hyperliquid ETF includes ticker $BHYP and fee 67bps. Typically that means launch soon. HYPE is up 200% in past yr so they prob trying to strike while iron hot pic.twitter.com/xt5gc9BpSI — Eric Balchunas (@EricBalchunas) April 10, 2026 Bitwise became the initial asset manager to file for a Hyperliquid ETF with the SEC back in September 2025. The firm now competes with Grayscale, which submitted its application in late March 2026, and 21Shares, which followed one month after Bitwise’s original filing. Upon regulatory approval, the ETF would list on the NYSE Arca platform, offering investors direct exposure to HYPE’s spot market price. Bitwise has also suggested in a previous…
Filed under: News - @ April 12, 2026 8:27 am