BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Bitwise Files for SEC Approval of HYPE Coin ETF, Marking New Phase in Crypto-Based Investment Products
Bitwise Files for SEC Approval of HYPE Coin ETF, Marking New Phase in Crypto-Based Investment Products
6
2
BTCCSquare news:
Bitwise Investment Advisers has submitted an S-1 filing to the U.S. Securities and Exchange Commission for a groundbreaking ETF tied to Hyperliquid's HYPE coin. The proposed fund would track the LAYER 1 blockchain's native asset, currently ranked 21st by market capitalization at $14 billion, offering traditional investors exposure to decentralized finance infrastructure.
Hyperliquid's specialized blockchain for perpetual futures trading has seen volatile price action - HYPE plunged 16% to $42 following its recent all-time high of $59.04. The SEC's decision comes amid delayed rulings on multiple altcoin ETF applications, reflecting growing institutional demand for crypto exposure through regulated vehicles.
By:
