Bitwise files updated S-1 for Hyperliquid ETF as HYPE fund race heats up

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitwise files updated S-1 for Hyperliquid ETF as HYPE fund race heats up HYPE has surged around 200% over the last 12 months. Other asset managers including Grayscale, 21Shares, and VanEck are also eyeing HYPE-linked ETFs. By Francisco Rodrigues | Edited by Nikhilesh De Apr 11, 2026, 1:59 p.m. Make preferred on Bitwise Chief Investment Officer Matt Hougan (CoinDesk Archives) What to know : Bitwise filed for a proposed exchange-traded fund holding Hyperliquid's HYPE token directly, trading under ticker BHYP on NYSE Arca. The fund includes a staking component with about 85% of staking rewards retained after fees, a 0.67% annual management fee and custody handled by Anchorage Digital. HYPE has surged around 200% over the last 12 months. Other asset managers including Grayscale, 21Shares and VanEck are also eyeing HYPE-linked ETFs. Crypto asset manager Bitwise has filed an amended registration statement with the U.S. Securities and Exchange Commission for a proposed exchange-traded fund (ETF) tied to Hyperliquid’s HYPE The updated S-1 for the fund, which would hold HYPE directly and list on NYSE Arca, said it would trade under the ticker BHYP. The fund aims to track the token’s price, offering investors exposure to it without leveraging crypto exchanges or wallets. The proposed product includes a staking component. Bitwise said the fund would stake a portion of its holdings to earn additional tokens, with about 85% of staking rewards retained after fees. The filing also details a 0.67% annual management fee and custody arrangements with Anchorage Digital, a federally chartered crypto bank. The price of Hyperliquid’s HYPE token has surged over the past year. The token is up around 200% over the last 12 months, as it became the go-to decentralized trading platform for perpetual contracts, including those tied to traditional financial products. Other asset managers have also moved to list HYPE-linked exchange-traded funds. These include Grayscale, which filed last month to list under the ticker GHYP on Nasdaq , as well as 21Shares and VanEck. ETFs More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You The bitcoin market is splitting in two. Here's who is buying and selling amid the war By Shaurya Malwa | Edited by Omkar Godbole 1 hour ago Six weeks of war have revealed that bitcoin's floor depends entirely on a handful of mandated buyers absorbing what everyone else is trying to get rid of. What to know : Bitcoin's price has stayed in a relatively tight range around $65,000 to $73,000 during six weeks of war, but that stability masks a market increasingly dependent on a small group of mandated institutional buyers. Strategy, U.S. spot bitcoin ETFs and a few other institutional channels now provide most of the... Read full story Latest Crypto News The bitcoin market is splitting in two. Here's who is buying and selling amid the war 1 hour ago Bhutan has sold 70% of its bitcoin in 18 months. It may have stopped BTC mining too. 11 hours ago Federal judge blocks Arizona from bringing criminal charges against Kalshi 14 hours ago Star Xu calls CZ a ‘liar’ as founders of world’s largest crypto exchanges argue over past allegations 22 hours ago The magic word for digital assets adoption and success: choice 22 hours ago CoinDesk 20 performance update: Hedera (HBAR) drops 1.9%, leading index lower Apr 10, 2026 Top Stories Trump-backed WLFI token drops 12% to record lows after team defends multi-million lending position Apr 10, 2026 Binance offers UAE staff temporary relocation as Middle East conflict disrupts region Apr 10, 2026 Bitcoin gains after core CPI rose a less-than-forecast 0.2% in March. Apr 10, 2026 HSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licenses Apr 10, 2026 David Bailey’s bitcoin holder Nakamoto is trying to stay on Nasdaq with a reverse stock split Apr 10, 2026 Bitcoin holds steady as inflation data looms, bittensor drama unfolds Apr 10, 2026