wallstreet

📅 November 15 | United States
What recently seemed too experimental for Wall Street is now rapidly approaching the heart of the traditional financial system. Bitwise, one of the most active digital asset managers in the United States, has just taken a step that typically marks the final stretch before a historic launch.

📖Bitwise filed an amendment to its Hyperliquid ETF registration with the U.S. Securities and Exchange Commission, a move that is usually interpreted as a sign that the fund's launch could be near. In this update, the fund manager defined for the first time the stock ticker symbol and the management fee, two elements that are typically finalized when the regulatory process is in its final stages.
According to the updated prospectus, the fund will be called Bitwise Hyperliquid ETF and will trade on NYSE Arca under the ticker symbol BHYP. It will also charge an annual fee of 0.67%, aligning itself with other crypto products that seek to attract both institutional investors and traditional market participants interested in direct exposure to digital assets.
Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, noted that these types of adjustments—including the final economic structure, ticker symbol, and performance language—usually appear shortly before an ETF launches. In Balchunas's words, these elements are often a sign that the launch is imminent, although it still depends on final regulatory approval.
Bitwise originally filed Form S-1 in September, becoming the first asset manager in the United States to file for an ETF with spot exposure to the HYPE token, the native asset of the Hyperliquid network. Since then, interest in products linked to this blockchain has been on the rise, reflecting the rapid growth of decentralized derivatives.
The fund is designed to replicate the value of the HYPE token held by the trust, net of operating expenses. Furthermore, the prospectus indicates that the ETF will seek to generate additional returns through staking, a feature that could differentiate it from other purely price-based passive products. Anchorage Digital Bank is listed as custodian of the assets, reinforcing the institutional profile of the vehicle.

Topic Opinion:
Hyperliquid is crossing the threshold between crypto innovation and traditional capital, and a spot ETF can significantly accelerate that process. If this product reaches the market, it will not only validate Hyperliquid, but also open the door to a new generation of ETFs linked to pure DeFi infrastructure.
💬 Do you think a Hyperliquid ETF could attract real institutional capital?

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#Bitwise #Hyperliquid #etf #WallStreet #CryptoNews $HYPE

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These are BlackRock’s 13F portfolio latest top 10 holdings mentioned with their market values and weightage:

1. 🇺🇸 Nvidia: $360 billion (6.30%)
2. 🇺🇸 Microsoft: $307 billion (5.37%)
3. 🇺🇸 Apple: $292 billion (5.11%)
4. 🇺🇸 Amazon: $159 billion (2.78%)
5. 🇺🇸 Broadcom: $125 billion (2.18%)
6. 🇺🇸 Meta Platforms: $123 billion (2.15%)
7. 🇺🇸 Alphabet (Google) Class A: $104 billion (1.82%)
8. 🇺🇸 Tesla: $92 billion (1.61%)
9. 🇺🇸 Alphabet (Google) Class C: $87 billion (1.53%)
10. 🇺🇸 JPMorgan Chase: $66 billion (1.16%)

Source: BlackRock’s latest 13F filings for Q3, 2025

Nvidia is the largest holding of BlackRock. It holds about 1.93 billion shares of Nvidia, worth over $360 billion. Microsoft is the 2nd largest holding, having a current market value of $307 billion. Apple is the 3rd largest holding, with a current holding value of over $292 billion.

The other top 10 holdings of BlackRock are Amazon, Broadcom, Meta Platforms, Alphabet (Google) Class A, Tesla, Alphabet (Google) Class C and JPMorgan Chase. The top 10 largest holdings account for 30.01% of BlackRock’s total 13F portfolio. As of Q3, BlackRock’s 13F portfolio has over $5.7 trillion in AUM.
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#WallStreet #stockmarket #Investing #Finance #BlackRock⁩ $ETH & $SOL

#USJobsData USJobsData
You mentioned the latest US jobs data again, Wall Street, that the labor market remains a strong force shaping interest rates, inflation expectations, and risk sentiment. According to the Bureau of Labor Statistics, 119,000 jobs were added in September 2025, a figure lower compared to previous months. At the same time, the unemployment rate rose to 4.4%, reaching its highest level in several months, indicating early signs of underlying cooling pressure.

The U.S. Securities and Exchange Commission (SEC) has opened the door to one of the biggest technological shifts in the history of American capital markets. The regulator has approved a three-year pilot program by DTCC (Depository Trust & Clearing Corporation), the clearing giant responsible for processing the vast majority of transactions on the U.S. stock market.
The project will allow selected U.S. securities to be recorded directly on a blockchain, marking the first time a major segment of the American market will officially interact with distributed ledger technology.

SEC Allows Tokenization of Existing Securities for the First Time
Sources familiar with the matter confirmed that the SEC granted DTCC’s clearing subsidiary, the Depository Trust Company (DTC), permission to mint and burn blockchain-based tokens representing securities already held in DTC custody.
This is a historic milestone: for the first time, the SEC explicitly allows blockchain to function as an official system of record for securities.
The decision was outlined in a letter published on December 11, stating the SEC will take “no action” against DTC for creating or destroying tokenized representations of securities under this pilot. The program is scheduled to launch in the second half of 2026.

Regulations Temporarily Eased to Enable Blockchain Experimentation
The approval comes with significant regulatory flexibility. The pilot temporarily waives several traditional SEC requirements, including:
rules governing the reliability of systemically important market infrastructurecertain operational standards for clearing agenciesthe need to file changes under Section 19b-4
These exemptions allow DTCC to experiment without undergoing full regulatory approval for every technical component.
In an announcement on X, DTCC stated that the initiative aims to bridge traditional finance (TradFi) with decentralized finance (DeFi) and support the development of a more resilient, inclusive, and efficient global financial system.
Participants will be able to choose whether they want to convert their traditional book-entry entitlements into blockchain-based tokenized entitlements.

DTCC Must Report Pilot Details Quarterly
To maintain approval for the pilot, DTCC must submit quarterly reports to the SEC detailing:
the number of participating institutionsthe total value of tokenized entitlementswhich blockchains were usedany outages or operational disruptionsthe number of registered blockchain walletsall instances where DTCC used its authority to reverse transactions
These disclosures will help regulators evaluate the safety and performance of the tokenization framework.
The initiative can include securities that meet eligibility criteria such as assets in leading index-tracking ETFs, U.S. Treasuries, and instruments from the Russell 1000 index.

How the Tokenization Process Works
When a market participant requests tokenization, DTCC will:
Transfer the securities from its central ledger to a new digital omnibus account.Mint a blockchain token corresponding to that security.Send the token to a registered blockchain wallet controlled by the participant.
This creates a digital representation of the existing financial entitlement.
According to sources, this model could significantly reduce reconciliation needs, accelerate transfers, and enable movement of claims outside standard market hours — all while preserving national market-infrastructure safeguards.
Tokens may be stored on approved public or private blockchains, provided they meet DTCC’s technology standards. Transfers will only be allowed between wallets registered with DTCC, and the company will maintain a root wallet allowing it to reverse or correct transactions in case of errors or improper activity.
DTCC has not yet disclosed which networks will be supported, noting that the regulatory focus lies primarily on custody and control practices rather than mandating a specific blockchain design.

#SEC , #WallStreet , #Tokenization , #DigitalAssets , #defi

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