Key Takeaways

Why does the Bitwise HYPE ETF filing matter?

If approved, it will be the first spot HYPE ETF in the U.S., allowing exposure to one of the fastest-growing crypto ecosystems.   

What’s next for the HYPE price?

HYPE has dropped 31% and erased the September gain amid short-term headwinds. 

The $15 billion digital asset manager, Bitwise, has filed for the first U.S. Spot Hyperliquid [HYPE] ETF. 

The update comes after the SEC unveiled a new and faster general listing standard (GLS) for crypto ETFs ahead of a massive wave of approvals expected in October.

This would allow U.S. investors a much more convenient exposure to HYPE without worrying about wallet keys and security. A similar product is already live in the European market, via 21Shares ETP. 

As such, if the Bitwise proposal is approved, it would lift the altcoin to the level of Bitcoin [BTC], Ethereum [ETH], and Solana [SOL], which have ETF and crypto treasury demand. 

Timeline and market reactions

Bloomberg ETF analyst James Seyffart was positive about the SEC greenlighting the application in the ‘near future.’ He sai

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Author: Benjamin Njiri