Bitwise's BHYP ETF: Crypto Perps Go Mainstream
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitwise Asset Management is set to launch its spot Hyperliquid ETF, filing a second amendment with the SEC for the ticker BHYP and a management fee of 0.67%. The ETF, if approved, will trade on the NYSE Arca and provide direct exposure to Hyperliquids spot price. Bitwise is leading the race against competitors like Grayscale and twenty-one Shares, with the potential to offer extra returns from HYPE staking. The ETF push signifies the growing mainstream acceptance of crypto derivatives, as filings pile up and approvals may accelerate.
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