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Key Takeaways
- Bitwise filed an S-1 with the SEC to launch a spot ETF holding the $HYPE token from Hyperliquid.
- The proposed ETF aims to provide $HYPE exposure via traditional brokerage accounts with Coinbase Custody as custodian.
Bitwise Asset Management has filed an S-1 registration statement with the Securities and Exchange Commission for a spot trust that will hold $HYPE, the native token of perpetual DEX Hyperliquid. The vehicle is structured to reflect the token’s value through a daily net asset value benchmark.
The trust is designed to give investors exposure to $HYPE via traditional brokerage accounts without directly managing the asset. Coinbase Custody Trust Company is expected to serve as custodian, while Bitwise Investment Advisers will act as sponsor.
