Key takeout
- Bitwise’s Hyperquid ETFs provide direct, physically-backed exposure, similar to the Spot Bitcoin ETFs.
- Filing has grown the growing demand for regulated access to new digital assets beyond Bitcoin and Ethereum.
Bitwise Asset Management has filed a S-1 Registration Statement with the Securities and Exchange Commission for Spot High Lipid ETFs. The fund, which is constituted as a statutory trust in the state of Delaware, directly retains high lipids and reflects its value through daily net asset value benchmarks.
ETFs are designed to allow investors to get exposed to high lipids through traditional securities accounts without having to directly manage their assets. The Coinbase Custody Trust Company is expected to act as an administrator, while the Bitise Investment Advisers act as a sponsor.
The filing accuses that the shares will be issued and issued and redeemed in large blocks by approved participants, similar to existing Spot Bitcoin ETFs. Bitwise emphasizes that trusts focus only on physically backed high lipid holdings and do not use derivatives or leverage.
After filing news, the hype surged by 4%, with the last change of hands at $42.5 at press.
