- Bitwise amended its Hyperliquid ETF filing with finalized launch details
- The ETF will trade under ticker BHYP on NYSE Arca
- A 0.67% fee positions the fund competitively among crypto ETFs
Bitwise Asset Management has taken a significant procedural step in launching its proposed Bitwise Hyperliquid ETF by submitting an amended registration statement to the US Securities and Exchange Commission. The revised Form S-1 dated December 15 intensifies anticipations that the crypto-based exchange-traded fund may start trading in the first half of the year or in early January.
Bitwise hyperliquid ETF filing nears final SEC approval stage
The amendment of the Bitwise Hyperliquid ETF establishes a few final details, in which the ticker symbol is BHYP, the unitary management fee is 0.67%, and it will be listed on NYSE Arca. In the same report, Bloomberg senior ETF analyst Eric Balchunas pointed out that the filing included an addition of the Section 8(a) language, which permits the SEC to make a declaration that the registration is effective at a convenient time. These amendments are usually indicative that an ETF issuer is on the verge of becoming ready to launch.
Hyperliquid ETF Bitwise initially submitted its S-1 registration of the Hyperliquid ETF in late September through the Securities Act of 1933. With existing SEC greenlight processes on crypto ETFs, issuers may be approved to become effective in between 30 and 60 days in case the necessary disclosures have been made. The inclusion of a ticker, fee schedule, and effectiveness language is commonly considered to be the last procedural step.
Fund structure and rising competition in hyperliquid ETF filings
The prospectus suggests that the Bitwise Hyperliquid ETF is a trust that issues common shares of beneficial interest continuously. The Hyperliquid exposure will be packaged into 10,000 share baskets, to be created and redeemed, at the value of the underlying exposure (less expenses and liabilities) of a Hyperliquid exposure. The calculations of net asset value will be based on the CF Hype Dollar US Settlement price, which is an indicator generated by CF Benchmarks based on consolidated executed trades on Hyperliquid trading platforms.
Bitwise The Hyperliquid ETF filing is made as asset managers increase the pace of providing regulated access to digital assets, as global regulations are changing. VanEck previously had a different proposal for the Hyperliquid ETF to the SEC, which incorporates a staking-based structure, which can be more scrutinized by regulations. Hyperliquid-related exchange-traded products have also been sought after by VanEck in the European Union, where approval routes tend to be quicker than in the United States.
Global regulatory shifts shape the next wave of Crypto ETFs
Simultaneously, Grayscale increased staking operations in the Ethereum and Solana ETFs in October as the broader industry continues to drive the use of crypto ETFs. The United Kingdom, outside the US, also announced that it would subject cryptoassets to formal financial regulation beginning in October 2027, indicating more regulation but more transparent compliance with issuers.
All of these factors put the Bitwise Hyperliquid ETF on the list of the most monitored crypto ETF launches, as market participants will evaluate the manner in which the US regulators approach more recent digital asset exposures.
