Bitwise Alters Application for HYPE-Linked Exchange-Traded Fund, 2026/04/12 12:52:45

The investment firm Bitwise has made revisions to its application submitted to the U.S. Securities and Exchange Commission (SEC) for the launch of a new spot exchange-traded fund (ETF). This fund is designed to track the HYPE token from the decentralized derivatives trading platform Hyperliquid.

In its application, Bitwise identified four trading counterparties for its exchange-traded fund: FalconX, Flowdesk, Nonco, and Wintermute. The December version of the document included companies A1, Nonco, and Solios, with the latter now listed as FalconX. Flowdesk and Wintermute have been added to the list of counterparties, while A1, a subsidiary of the custodian Anchorage Digital, has been removed. Anchorage Digital Bank will continue to serve as the custodian for the fund’s crypto assets, and CF Benchmarks plans to provide a daily reference price for HYPE to calculate the value of shares.

The fund is set to trade under the ticker BHYP, and the annual management fee for clients, as stated in the application, will be 0.67%. Senior analyst at Bloomberg Intelligence, Eric Balchunas, suggested that if Bitwise has disclosed the ticker and fee in its application, the fund could be launched in the near future.

Bitwise submitted updated information about the fund to the American regulator shortly after its European division, Bitwise Europe, launched the Bitwise Hyperliquid Staking ETP on the German exchange Xetra, also under the ticker BHYP. The European product tracks the Kaiko HYPE index.

Bitwise has become one of the first companies to file for the launch of a spot ETF in the U.S. linked to the HYPE cryptocurrency. The company initially submitted its application in September. Subsequently, similar notifications were filed by 21Shares and Grayscale.