Bitwise files S-1 for spot HYPE ETF
Key Takeaways
- Bitwise filed an S-1 with the SEC to launch a spot ETF holding the HYPE token from Hyperliquid.
- The proposed ETF aims to provide HYPE exposure via traditional brokerage accounts with Coinbase Custody as custodian.
Bitwise Asset Management has filed an S-1 registration statement with the Securities and Exchange Commission for a spot trust that will hold HYPE, the native token of perpetual DEX Hyperliquid. The vehicle is structured to reflect the token’s value through a daily net asset value benchmark.
The trust is designed to give investors exposure to HYPE via traditional brokerage accounts without directly managing the asset. Coinbase Custody Trust Company is expected to serve as custodian, while Bitwise Investment Advisers will act as sponsor.
According to the filing, shares will be created and redeemed in large blocks by authorized participants, mirroring the structure of spot Bitcoin ETFs. The trust will not use derivatives or leverage, focusing solely on physically backed holdings of HYPE.
HYPE rose 4% on the news, trading at $42.5 as of press time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Italy orders non-compliant VASPs to exit as MiCAR rules kick in
Local Leadership and the Drive for Technological Advancement: How Minneapolis is Building Economic Strength
- Minneapolis integrates AI and centralized IT systems to boost municipal efficiency and tech-driven governance. - The city's medical tech sector leads with 16% U.S. talent share and 16 expansion projects in 2024. - Workforce shortages (59% hiring challenges) and rising costs hinder scalability despite innovation gains. - Investors face opportunities in medtech and AI tools but lack transparent metrics for evaluating tech ROI. - Minneapolis highlights the need for balancing tech innovation with accountabil
The Impact of a 30% Increase in ICP Token Value on Investments in Blockchain Infrastructure
- ICP's 30% price surge to $4.71 in November 2025 stems from ICP 2.0 upgrades (Caffeine, Internet Identity 2.0) and institutional partnerships with Microsoft Azure and Google Cloud. - This growth challenges AWS/Azure dominance, with ICP's Fission upgrade enabling scalable decentralized storage and attracting enterprises seeking alternatives to centralized cloud providers. - However, regulatory uncertainty and market volatility (e.g., 91% drop in token transfers during dips) raise questions about long-term
The Economic Impact of Incorporating AI in Sectors Driven by Data
- Global AI infrastructure investments by tech giants like Alphabet and Microsoft are projected to reach $315B in 2025, generating $15T in economic value by 2030 through automation and analytics. - The U.S. leads with $470B in AI infrastructure funding (2013-2024), driven by cloud expansion expected to hit $3.4T by 2040, creating fragmented markets for consolidation. - Data-centric ecosystems (e.g., JHU, ICP Caffeine AI) enable pharmaceuticals and finance firms to build competitive barriers via proprietary
Trending news
MoreCrypto prices
More
