Bitwise added the ticker $BHYP and a 0.67% management fee in its latest filing, signaling a potential launch soon, according to Bloomberg's senior ETF analyst.
Bitwise Asset Management has taken a key step toward launching its proposed spot Hyperliquid exchange-traded fund, filing a second amended registration statement with the US Securities and Exchange Commission.
In a post on X on Friday, Bloomberg senior ETF analyst Eric Balchunas said that Bitwise had updated its Hyperliquid ETF to include the ticker $BHYP and had also set a management fee of 0.67%.
According to Balchunas, the filing of these details typically indicates that the product will "launch soon."
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