‘Launch is soon’ – Bitwise updates Spot HYPE ETF filing, rally next?

Hyperliquid could soon gain an extra investor base as its U.S Spot $HYPE ETF debut looks imminent.

According to Bloomberg ETF analyst Eric Balchunas, Bitwise updated its Spot $HYPE ETF filing, including a ticker BHYP and a fee 0.67%. Per Balchunas, such updates “typically mean a launch is soon,” adding that,

$HYPE is up 200% in the past year, so they’re probably trying to strike while iron hot

Bitwise first filed for the product in September 2025. A month later, 21Shares followed suit and made a similar application.

In March 2026, Grayscale joined the fray, bringing the total number of issuers to three. Both Bitwise and Grayscale plan to include a $HYPE staking feature in the future.

If approved, $HYPE will join BTC, Ethereum [ETH], and Solana [$SOL] as top crypto assets that enjoy massive interest from treasury firms and ETF investors.

Will Hyperliquid’s priority fees boost $HYPE?

In another development, Hyperliquid is testing a feature that would allow traders who want faster execution to pay a little fee (priority fees) for HIP-3 trades (oil, gold, and other non-crypto assets).

This would be a welcome update that is already live on most Solana apps like Jupiter [JUP], which grants the most advanced traders and firms priority order execution.

This became a game-changer, reducing the infamous Solana network congestion. In return, the charged priority fees, paid in $SOL, are shared with validators.

For Hyperliquid, however, the priority fees, paid in $HYPE, will be used for buyback and token burns.

That said, $HYPE token has bounced about 20% in April and could retest the recent high of $43 and eye the $50 psychological level.

However, the broader structure still depends on the $35 support zone. Even if $HYPE sees a short-term pullback, a bounce from this zone could keep the path toward $43 and $50 intact.

Unless the inflows improve marginally, the slowing trading activity could cause $HYPE to rally and stall at the $43 or $50 level.

Final Summary

• Bitwise updated its spot $HYPE ETF filing, adding a sticker and fees, suggesting it could debut soon, according to Bloomberg’s Balchunas.
• Hyperliquid is testing priority fees for faster execution for HIP-3 trades, and the revenue will help drive $HYPE buybacks