Bitwise, a well-known player in the cryptocurrency space, is reportedly close to launching its Hyperliquid ETF. The company has filed an updated amendment with the Securities and Exchange Commission (SEC), which includes crucial information about the ETF's ticker symbol and fee structure.
The new filing suggests that Bitwise is making final preparations for the launch of its Hyperliquid ETF. According to Eric Balchunas, a cryptocurrency analyst, issuers typically lock in these details when they are close to launching a product.
The Hyperliquid ETF would be one of several crypto-related funds offered by Bitwise, and it would track the performance of HYPE, a relatively new and niche asset in the market. The ETF's fee structure is set at 67 basis points, which is not unusually high but may deter some investors.