Altcoins News
By Steven Anderson
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What the Hyperliquid ETF Will Offer. Bitwise’s filing indicates that the ETF will hold Hyperliquid tokens directly, tracking the value…
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Rising Perpetual Futures Competition. The timing of Bitwise’s filing coincides with rising competition among perpetual futures DEXs.
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Regulatory Context for Spot Crypto ETFs. Bitwise’s filing follows broader regulatory trends in the U.S.
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Why Bitwise is Expanding Its Crypto Offerings. Bitwise is looking to broaden its product lineup beyond its existing ETFs, aiming to capitalize on…
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Market Implications. The introduction of a spot Hyperliquid ETF could bolster HYPE adoption and liquidity, potentially…
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Conclusion. Bitwise’s filing for a spot Hyperliquid ETF marks a notable step in the maturation of crypto…
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Asset management firm Bitwise has taken a significant step in expanding crypto investment products by filing to launch an exchange-traded fund (ETF) that will directly hold…
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The proposed Bitwise Hyperliquid ETF is designed to provide investors with exposure to Hyperliquid’s token, which offers discounts on its DEX and is integral for paying fees on…
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While the filing does not yet disclose the exchange on which the ETF will trade, its ticker, or associated fees, it represents the first step in a regulatory process.
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According to DefiLlama, Aster’s 24-hour trading volume recently surpassed $35.8 billion, more than tripling Hyperliquid’s $10 billion over the same period.
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Hyperliquid, by comparison, saw its HYPE token’s open interest decline 1.85% over the same period to $2.2 billion, with the token price dropping 3.5% to $42.
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Bitwise’s filing follows broader regulatory trends in the U.S. that aim to streamline approvals for crypto ETFs.
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However, a key challenge for the Hyperliquid ETF is that there are currently no Hyperliquid futures contracts registered with the CFTC.
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Bitwise is looking to broaden its product lineup beyond its existing ETFs, aiming to capitalize on the growing demand for regulated crypto exposure.
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The Hyperliquid ETF would allow investors to participate in a unique segment of the crypto market: perpetual futures on decentralized exchanges.
The Currency Analytics
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