Digital asset management company Bitwise has amended its application for registration of an exchange-traded fund (ETF) based on the HyperLiquid cryptocurrency (HYPE).
The document was filed with the U.S. Securities and Exchange Commission (SEC) yesterday, Monday, December 15th.
The changes were incorporated into Form 8-A; They detail that this product is called Bitwise Hyperliquid ETF.which trades on the New York Stock Exchange (NYSE Arca) under the ticker BHYP.
In addition, the management company Annual management fee set at 0.67% A fee is deducted from the value of the ETF each year to cover the cost of managing, operating, and administering the product.
In this regard, Eric Balchunas, an analyst at Bloomberg Intelligence, said, “Bitwise has just submitted a revised version of the Hyper Liquidity ETF that adds an 8-A factor, fees (0.67%), and a BHYP ticker. This usually means an imminent release. Stay tuned.”
Once the financial product is approved, Bitwise expands institutional offering Within the digital asset market.
As reported by CriptoNoticias, the manager already owns ETFs linked to Bitcoin (BTC), Ether (ETH), XRP, and Solana (SOL).
(Tag Translation) Altcoin
