Bitwise is making strides towards the launch of its highly anticipated spot Hyperliquid ETF, with a recent filing that could pave the way for its approval. The company submitted a second amendment to the United States Securities and Exchange Commission (SEC) on April 10, 2026, adding new trading counterparties to its proposal. The source reports that this move is seen as a significant step in the ongoing efforts to secure regulatory approval.
Notable Names in the Latest Amendment
The latest amendment includes notable names such as
- FalconX
- Flowdesk
- Nonco
- Wintermute
Bitwise's Positioning in the ETF Market
As competition intensifies among asset managers, Bitwise is positioning itself to be the first to introduce a spot ETF linked to Hyperliquid's native token, HYPE. If the SEC grants approval, the HYPE ETF is expected to make its debut on the NYSE Arca stock exchange, providing investors with direct exposure to the spot price of Hyperliquid HYPE.
In a significant development for the cryptocurrency market, Morgan Stanley recently launched the first major spot Bitcoin ETF in the United States. This initiative contrasts with Bitwise's ongoing efforts to secure approval for its Hyperliquid ETF. For more details, see Morgan Stanley's ETF.
