{"id":70991,"date":"2026-04-11T15:55:37","date_gmt":"2026-04-11T15:55:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitwise-hyperliquid-etf-filing-updated-launch-could-be-near-analyst-says-crypto-news-bitcoin-news\/"},"modified":"2026-04-11T15:55:37","modified_gmt":"2026-04-11T15:55:37","slug":"bitwise-hyperliquid-etf-filing-updated-launch-could-be-near-analyst-says-crypto-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitwise-hyperliquid-etf-filing-updated-launch-could-be-near-analyst-says-crypto-news-bitcoin-news\/","title":{"rendered":"Bitwise Hyperliquid ETF Filing Updated \u2014 Launch Could Be Near, Analyst Says \u2013 Crypto News Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>Bitwise filed a second amendment for its BHYP ETF on April 10, 2026, signaling a U.S. launch may be near.<\/li>\n<li>Four issuers, including Grayscale and Vaneck are racing to offer spot HYPE exposure to U.S. investors.<\/li>\n<li>HYPE is up 200% in the past year, fueled by Hyperliquid\u2019s fee buyback mechanism and record perps <span>volume<\/span>.<\/li>\n<\/ul>\n<h2>Four Asset Managers, Including Grayscale and Vaneck Race to Launch U.S. HYPE Spot ETF<\/h2>\n<p>Balchunas <a href=\"https:\/\/x.com\/EricBalchunas\/status\/2042710787748176296?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">posted<\/a> on X that the update typically precedes a near-term listing, noting that HYPE is up 200% over the past year and that Bitwise appears to be moving while market conditions favor the product. The firm originally filed its S-1 registration statement in September 2025 and submitted Amendment No. 1 on Dec. 15, 2025, which added the BHYP ticker, the fee, and an 8-A registration statement. Both actions are standard late-stage markers in the SEC\u2019s ETF review process.<\/p>\n<p>The U.S. spot ETF has not yet received approval. It remains under SEC review. However, the repeated amendments indicate Bitwise has finalized its offering structure and is ready to list. The 0.67% fee sits above the 0.20-0.25% range common among <span>bitcoin<\/span> spot ETFs. Bitwise frames the higher cost as reflecting direct exposure to a high-margin <a href=\"https:\/\/news.bitcoin.com\/unlocking-the-future-your-fun-guide-to-decentralized-finance-and-web3\/\">decentralized finance (DeFi)<\/a> perpetuals platform, where fees from trading activity drive an on-chain buyback-and-burn program tied directly to HYPE\u2019s value.<\/p>\n<p>One day before the latest U.S. filing update, on April 9, 2026, Bitwise Europe <a href=\"https:\/\/tradeinformer.com\/institutional-trading\/bitwise-launches-hyperliquid-staking-etp-xetra\" target=\"_blank\" rel=\"noopener noreferrer\">launched<\/a> the Bitwise Hyperliquid <span>Staking<\/span> ETP on Deutsche Boerse Xetra under the same BHYP ticker. The European product carries a 0.85% total expense ratio, holds HYPE in cold storage, tracks the Kaiko HYPE Reference Rate, and targets approximately 1% net <span>staking<\/span> rewards annually.<\/p>\n<p>Bitwise is one of four asset managers currently pursuing U.S. spot ETF exposure to HYPE. 21shares <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2090011\/000121390025103237\/ea0262697-s1_21shares.htm\" target=\"_blank\" rel=\"noopener noreferrer\">filed<\/a> an S-1 on Oct. 29, 2025 for its 21shares Hyperliquid ETF with no finalized ticker. Grayscale filed for the <a href=\"https:\/\/news.bitcoin.com\/grayscale-enters-hype-etf-competition-with-nasdaq-listing-plan\/\">Grayscale HYPE ETF<\/a> on March 21, 2026, proposing the GHYP ticker on Nasdaq with Coinbase Custody as custodian. Vaneck has <a href=\"https:\/\/x.com\/NateGeraci\/status\/1965219583310397559?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">confirmed<\/a> plans for a HYPE spot <span>staking<\/span> ETF under the proposed ticker VHYP, with filings referenced alongside its European ETP announcements in September 2025.<\/p>\n<p>No filings from <a href=\"https:\/\/news.bitcoin.com\/blackrocks-bitcoin-premium-income-etf-edges-closer-to-market-as-sec-amendment-reveals-bita-ticker\/\">Blackrock<\/a>, Fidelity, or others have been made public at the time of writing. Hyperliquid is a layer one (L1) <span>blockchain<\/span> built specifically for onchain derivatives trading. Its core engine, Hypercore, supports fully onchain perpetual futures and spot order books with sub-second block times, single-block finality, and throughput exceeding 100,000 orders per second. A companion layer, HyperEVM, provides <span>EVM<\/span> compatibility for <span>smart contract<\/span> applications that interact directly with the exchange.<\/p>\n<p>The platform runs on HyperBFT consensus and handles order execution in milliseconds with no off-chain components. Hyperliquid recorded billions of dollars in perpetuals <span>volume<\/span> during macro <span>volatility<\/span> events in 2024 and 2025, including oil and <span>gold<\/span> perps, positioning it as the leading onchain perps exchange by <span>volume<\/span>. Amidst its growth, Hyperliquid has seen a wide variety of competitors nipping at its heels.<\/p>\n<p>The HYPE token launched Nov. 29, 2024, via an <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-an-airdrop\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">airdrop<\/a> to more than 90,000 early users. Total supply is fixed at 1 billion tokens. The token is used for governance, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a>, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-gas\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gas<\/a> on HyperEVM, and as the primary economic beneficiary of platform revenue. A significant portion of <a href=\"https:\/\/news.bitcoin.com\/hyperliquid-lists-first-official-sp-500-perpetual\/\">Hyperliquid<\/a>\u2018s trading fees flow into an Assistance Fund that continuously buys back and burns HYPE, creating a direct link between platform activity and token value.<\/p>\n<p>Annualized protocol revenue runs into the hundreds of millions of dollars, with margins that analysts estimate above 97%. The buyback mechanism gives HYPE a deflationary structure that functions differently from most governance tokens.<\/p>\n<p>The exchange-traded product filings represent an attempt by traditional financial (TradFi) institutions to package that fee-generating machine into a brokerage-accessible product. Whether or not the SEC approves any of the four pending U.S. applications, the European products are already live and adding institutional access to HYPE <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a> returns.<\/p>\n<p>Approval timelines for the U.S. filings remain tied to the <a href=\"https:\/\/news.bitcoin.com\/sec-opens-proceedings-on-nyse-proposal-to-list-grayscale-crypto-etf-options\/\">SEC<\/a> review calendar. All four issuers are waiting.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitwise-hyperliquid-etf-filing-updated-launch-could-be-near-analyst-says\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Bitwise filed a second amendment for its BHYP ETF on April 10, 2026, signaling a U.S. launch may be near. Four issuers, including Grayscale and Vaneck are racing to offer spot HYPE exposure to U.S. investors. HYPE is up 200% in the past year, fueled by [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":70992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70991"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=70991"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/70992"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=70991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=70991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=70991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}