Bitwise adds ticker and fee to its Hyperliquid ETF as approval nears

Cryptocurrency exchange-traded funds continue to record steady demand despite bearish digital asset prices.

Asset manager Bitwise, which has seen impressive success in its Solana ETF, has taken another step toward debuting its highly-awaited Hyperliquid exchange-traded fund.

According to Bloomberg’s senior analyst Eric Balchunas, Bitwise has filed an amendment for its HYPE ETF, adding multiple final pieces that he trusts indicate an imminent launch.

It has added $BHYP as the fund’s ticker and a 67 basis points management fee.

Most importantly, the new application includes an 8-A registration, which often indicates a security preparing to start trading on leading exchanges.