Bitwise has officially revealed its plans for the Hyperliquid ETF, set to be listed under the ticker BHYP on NYSE Arca. The ETF will feature an annual management fee of 0.67%, as detailed in Bitwise's most recent S-1 filing. This filing has also indicated that the ETF is on track for an imminent launch due to its compliance with crucial registration requirements, including the Form 8-A.
The urgency surrounding this launch is underscored by experts in the field. A noted analyst has pointed out that the inclusion of the 8-A provision typically suggests that the launch is near.
Bitwise has been a prominent advocate for SEC approval related to an ETH-tracking product associated with Hyperliquid's HYPE coin, followed by collaborations with other firms like 21Shares. This move reflects a growing trend among fund managers, who are increasingly diversifying crypto investment options. Recently, several ETFs have emerged, allowing investors to access a variety of cryptocurrency assets such as Solana, XRP, Dogecoin, Litecoin, and HBAR. Investors should stay alert for the developments surrounding the Hyperliquid ETF and assess how it fits into their investment strategies.