Bitwise sets ticker and fee for Hyperliquid ETF, signaling imminent launch

Bitwise has filed an amended registration statement for its proposed Hyperliquid ETF, locking in a ticker symbol and management fee — moves that typically indicate an ETF launch is approaching. According to the filing with the SEC, the Bitwise Hyperliquid ETF is expected to trade on NYSE Arca under the ticker BHYP and carry a 0.67% annual management fee.

Analysts noted that the inclusion of finalized economics, a ticker, and updated effectiveness language are markers usually seen late in the approval process. Bitwise first filed for the ETF in September, becoming the first asset manager to seek U.S. approval for a spot fund tied to Hyperliquid’s native HYPE token, putting it ahead of rivals such as 21Shares, which has yet to disclose similar details.

The ETF aims to track the value of HYPE held by the trust, net of expenses, while also generating additional returns through staking. Anchorage Digital Bank is listed as custodian. The filing adds to growing signs that issuers are pushing forward with crypto ETFs linked to newer Layer 1 networks, as investor interest expands beyond bitcoin and ether amid Hyperliquid’s rapid growth in onchain derivatives trading.