According to the latest report, Bitwise has taken a step closer to launching its proposed Hyperliquid (HYPE) exchange-traded fund (ETF) after filing a second amendment with the US Securities and Exchange Commission.
Bitwise updates the list of counter trading parties in the Hyperliquid ETF deposit
On Friday, April 10, Bitwise Submitted Hyperliquid’s second amendment to its spot filing with the SEC, introducing new names to the list of approved trading counterparties ahead of its imminent US launch. This latest filing includes FalconX, Flowdesk, Nonco and Wintermute as approved trading counterparties for the asset manager.
Earlier in filing the first amendment in December 2025, Bitwise disclosed the fund’s BHYP ticker, an annual management fee of 0.67%, and a proposal to generate additional profits through S Stacking HYPE. Also, the asset management fund listed three trading counterparties at the time, including A1 (now dropped), Nonco, and Solios (revealed as ad/b/a of FalconX).
Source: @EricBalchunas on X
In a post on the social media platform, Eric Balchunas, senior analyst at Bloomberg Funds, said Highlight Introducing the second amendment, saying that this latest update indicates that the launch of the fund may be imminent. Despite competition from two other asset managers, Bitwise appears poised to win the race for Hyperliquid’s first cryptocurrency-linked ETF, HYPE.
21 stocks followed With its own application to launch a Hyperliquid ETF in October 2025, while Grayscale filed its own in late March 2026. Following approval (which seems like a matter of when, not if), Bitwise’s HYPE ETF will debut on the NYSE Arca exchange and will provide investors with exposure to the spot price of Hyperliquid.
HYPE Pricing Overview
Despite the uncertainty in the market this year, Hyperliquid’s native token HYPE has been one of the best performing coins to date. In fact, it can be said that the perpetual decentralized futures trading protocol has been one of the major winners from the tensions in the Middle East, as traders Looking to gain market exposure Even outside normal trading hours.
Data from CoinGecko shows that HYPE’s price is up more than 65% year-to-date and nearly 200% in all of last year. As bullish momentum returns to the cryptocurrency market this week, investors have seen the altcoin’s price reclaim the $40 mark, where it jumped nearly 20% in the past week.
As of this writing, HYPE’s price is just under $43, reflecting a roughly 3% jump over the past 24 hours.
The price of HYPE on the daily timeframe | Source: HYPEUSDT chart on TradingView
Featured image created by DALL.E, chart from TradingView
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