"Bitwise filed a second amendment for its BHYP ETF on April 10, 2026, signaling a U.S. launch may be near. 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."
"HYPE is up 200% in the past year, fueled by Hyperliquid's fee buyback mechanism and record perps volume. Balchunas noted that the update typically precedes a near-term listing, indicating that Bitwise appears to be moving while market conditions favor the product."
"The 0.67% fee sits above the 0.20-0.25% range common among bitcoin spot ETFs. Bitwise frames the higher cost as reflecting direct exposure to a high-margin decentralized finance (DeFi) perpetuals platform, where fees from trading activity drive an on-chain buyback-and-burn program tied directly to HYPE's value."
Bitwise Asset Management filed a second amendment for its BHYP ETF on April 10, 2026, indicating a potential U.S. launch. The firm is among four issuers, including Grayscale and Vaneck, competing to provide U.S. investors with spot HYPE exposure. HYPE has increased by 200% over the past year, driven by Hyperliquid's fee buyback mechanism. The ETF remains under SEC review, but the amendments suggest Bitwise is prepared for listing. The management fee of 0.67% is higher than typical bitcoin spot ETFs, reflecting the product's unique structure.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]