Bitwise Hyperliquid ETF to start trading Friday as HYPE rallies on Coinbase USDC deal
Crypto Briefing
Bitwise is launching a HYPE ETF on Friday as the token price climbs following a new USDC integration deal with Coinbase.Summary
Bitwise is set to launch its Hyperliquid ETF (BHYP) on Friday, providing investors with direct exposure to the HYPE token. The fund distinguishes itself by utilizing in-house staking infrastructure rather than third-party providers and will list on NYSE Arca with a 0.34% sponsor fee. This launch follows a similar move by 21Shares earlier in the week, indicating growing institutional interest. Meanwhile, the HYPE token rallied over 15% following the announcement that Coinbase will serve as the official treasury deployer of USDC on the Hyperliquid platform, further solidifying the ecosystem's market position.
(Source：Crypto Briefing)