Dwelling » Legislation » Bitwise files S-1 for say HYPE ETF
Sep. 25, 2025
Bitwise has filed with the SEC to list a HYPE ETF, aiming to give traders suppose publicity thru a regulated exchange-traded product.
Key Takeaways
- Bitwise filed an S-1 with the SEC to originate a say ETF conserving the HYPE token from Hyperliquid.
- The proposed ETF targets to invent HYPE publicity by assignment of ancient brokerage accounts with Coinbase Custody as custodian.
Portion this article
Bitwise Asset Administration has filed an S-1 registration statement with the Securities and Change Price for a say trust that can protect HYPE, the native token of perpetual DEX Hyperliquid. The car is structured to possess the token’s rate thru a each day score asset rate benchmark.
The trust is designed to give traders publicity to HYPE by assignment of ancient brokerage accounts with out steady away managing the asset. Coinbase Custody Belief Company is predicted to wait on as custodian, while Bitwise Funding Advisers will act as sponsor.
Primarily based completely on the submitting, shares will doubtless be created and redeemed in monumental blocks by licensed contributors, mirroring the construction of say Bitcoin ETFs. The trust will not exercise derivatives or leverage, focusing completely on physically backed holdings of HYPE.
HYPE rose 4% on the news, buying and selling at $42.5 as of press time.
