Bitwise Bids for Spot Hyperliquid ETF Amid DEX Wars
Bitwise has filed to launch an exchange-traded fund (ETF) that will track the token linked to the crypto perpetual futures protocol, Hyperliquid. The proposed Bitwise Hyperliquid ETF aims to directly hold Hyperliquid's token (HYPE), which provides trading discounts and is used for fee payments on its decentralized exchange.