Bitwise files prospectus for Hyperliquid ETF as SEC delays several altcoin proposals
Quick Take Hyperliquid is a Layer 1 blockchain built for DeFi applications, with a primary focus on perpetual futures trading. The SEC delayed action on Canary’s spot SUI and PENGU funds, along with its staked INJ and SEI funds, and spot Avalanche proposals from Grayscale and VanEck.
Crypto asset manager Bitwise Investment Advisers has filed a proposal for an exchange-traded fund tracking the performance of Hyperliquid's native token.
An S-1 filing with the U.S. Securities and Exchange Commission shows that the Bitwise Hyperliquid ETF is the first such proposal to seek exposure to HYPE. Hyperliquid functions as a Layer 1 blockchain specifically built for decentralized finance applications, with a primary focus on perpetual futures trading.
HYPE was down 11.% to $40.51 over the last 24 hours, according to The Block's price data . The token has a circulating supply of 270.8 million tokens and has a market capitalization of $11 billion, which makes it the 21st-largest cryptocurrency.
"Degeneracy for all as it should be...priced in real time," VC and StockTwits cofounder Howard Lindzon said in a post on X in reaction to the filing. "The web 2.0 era was so [unique] and [the] best time ever to be a seed asnd earky venture investor Now everyone wants to be early (be in next $uber) and locking up their capital at stupid proces when the public markets are the best place to focus."
Meanwhile, the SEC delayed action on several altcoin ETF proposals. These include Canary's spot SUI and PENGU funds, along with its staked INJ and SEI funds, as well as spot Avalanche proposals from Grayscale and VanEck. There are dozens of crypto-related ETF filings waiting for approval.
Earlier today, Hashdex expanded its crypto ETF to include XRP and Solana after the SEC recently greenlighted broader listing standards.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How PENGU USDT Sell Signals Influence Sentiment in the Crypto Market
- PENGU USDT's 2025 volatility exposed algorithmic stablecoin fragility, triggering DeFi sell-offs and reshaping trading strategies. - Contradictory technical indicators highlighted instability in algorithmic rebalancing mechanisms, while $66.6M team wallet outflows raised liquidity concerns. - Retail investors shifted to fiat-backed stablecoins post-UST collapse, accelerating USDC's market share growth amid regulatory ambiguity. - Market correlations (42-46% crypto-equity linkages) and macroeconomic press
Evaluating the Recent PENGU Price Rally: Could This Signal the Next Major Digital Asset Surge?
The COAI Price Reduction: Impact on Technology and Green Energy Industries
- COAI's 88% price drop in Nov 2025 exposed governance failures and regulatory ambiguity, triggering investor reassessment of AI-linked assets. - U.S. clean energy investment fell 36% due to Trump-era policy shifts, while global clean energy attracted $3.3 trillion in 2025 despite AI sector turmoil. - Investors migrated to stable AI stocks (Microsoft/Nvidia) and non-AI renewables, prioritizing transparency over speculative crypto projects like COAI. - The crisis accelerated capital reallocation toward ethi
Timeless Strategies for Investing in Today's Market
- R.W. McNeel and Warren Buffett share timeless value investing principles emphasizing emotional discipline, long-term vision, and intrinsic value. - Both stress faith in the U.S. economy, with Buffett's Berkshire Hathaway exemplifying this through long-term investments in American icons like Apple and Coca-Cola . - Retained earnings and margin of safety strategies, demonstrated by Apple's reinvestment and Berkshire's share buybacks, highlight compounding's role in mitigating market volatility. - Modern be
Trending news
MoreCrypto prices
More
