Bitwise Advances First HYPE ETF With Final Amended Filing

Bitwise has taken a big step toward launching what could be the first Hyperliquid (HYPE) ETF. The company recently filed a second amended application. This usually means a product is close to approval. This latest filing includes important details like the ticker “BHYP” and a 0.67% management fee. These are often finalized in the last stage before launch.

🚨FIRST EVER HYPERLIQUID ETF CLOSE TO LAUNCH

Bitwise has filed a second amended application for what could be the first-ever $HYPE ETF, a late-stage step that often signals approval is near.

The filing confirms key details like ticker and fees, and HYPE has surged on the news,… pic.twitter.com/gLKzBR7y7x

— Coin Bureau (@coinbureau) April 11, 2026

Because of this, many analysts believe the ETF could go live soon, depending on approval from regulators. While the news has already impacted the market. The HYPE token has been rising and reports say it is now up nearly 200% over the past year.

Final Filing Signals ETF May Launch Soon

Bitwise first filed for the Hyperliquid ETF in September 2025. Since then, it has made several updates to the application. Now, with this second amended filing. The process seems to be reaching its final stage. In simple terms, these updates help regulators review the product in detail. Once key parts like fees and ticker are confirmed, it often means the launch is getting closer.

The filing also included formal documents from auditors. This is another sign that the product is moving forward. While approval is not guaranteed, this step shows that Bitwise is preparing for a possible launch in the near future.

What Is Hyperliquid and the HYPE Token?

Hyperliquid is a Layer-1 blockchain built mainly for trading. It focuses on perpetual futures, which are popular in crypto markets. The platform also works as a decentralized exchange. This means users can trade directly without relying on a central authority.

The HYPE token plays a key role in the system. Users use the token for governance to vote on changes. They also use it for staking and paying network fees. In addition, the platform uses part of its revenue to buy back tokens. This can reduce supply over time. Because of these features, Hyperliquid has gained attention as a fast-growing project in the crypto space.

Price Surge Follows ETF News

After the ETF update, HYPE saw fresh interest from investors. Reports show the token has already gained around 200% over the past year. The latest filing added more momentum, as traders expect new demand if the ETF launches.

ETF products often make it easier for large investors to enter the market. Instead of buying tokens directly, they can invest through regulated financial products. With this, even the idea of a new ETF can push prices higher. But price movements can still change quickly. Much depends on whether the ETF actually gets approved.

Growing Interest in Crypto ETFs

The Hyperliquid ETF is part of a bigger trend. More companies are now trying to launch crypto-based ETFs. After the success of Bitcoin ETFs, interest has expanded to other digital assets. Firms are exploring new products tied to different tokens and blockchain platforms. Bitwise’s move shows that the market is evolving beyond just Bitcoin and Ethereum.

For now, all eyes are on the final decision. If approved, the HYPE ETF could open the door for more similar products in the future. In simple terms, this filing may look technical, but it signals something bigger. It shows how crypto and traditional finance are slowly coming together.