JUST IN: Bitwise Files S-1 for First-Ever HYPE ETF with SEC

Bitwise has filed a groundbreaking S-1 registration with the SEC for the first-ever HYPE ETF, marking a significant milestone for Hyperliquid's native cryptocurrency token. This regulatory filing represents a major step toward bringing HYPE to traditional investment markets through an exchange-traded fund structure.

HYPE has demonstrated exceptional momentum within the decentralized finance (DeFi) ecosystem, attracting substantial institutional support and strengthening its blockchain infrastructure. The Hyperliquid ecosystem's rapid growth has positioned HYPE as an emerging cryptocurrency with significant potential for mainstream adoption.

The proposed ETF filing signals increasing institutional interest in alternative cryptocurrency investments beyond Bitcoin and Ethereum. If approved by the SEC, the HYPE ETF would provide regulated access to Hyperliquid's native token, potentially driving increased trading volume and market liquidity.

This development comes amid growing institutional demand for diversified cryptocurrency exposure through traditional investment vehicles. The Bitwise HYPE ETF filing underscores the maturation of DeFi protocols and their transition into regulated financial markets, potentially opening new opportunities for both retail and institutional investors seeking exposure to innovative blockchain technologies and decentralized trading platforms.