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

What Happened

Bitwise filed an amended S-1 registration with the SEC for a proposed Hyperliquid HYPE exchange-traded fund, trading under ticker BHYP on NYSE Arca. The fund holds HYPE directly and includes staking, retaining approximately 85% of rewards after fees. Bitwise charges 0.67% annual management fee with custody through Anchorage Digital. HYPE token gained 200% over 12 months. Competitors Grayscale, 21Shares, and VanEck also filed HYPE-linked ETFs.

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