The hype is a high-lipid native token and is gaining momentum throughout the defi ecosystem.
With increased support from institutions and increasing ecosystem strengths, HYPE opens new opportunities for investors and can see wider use and trade in the market, particularly through new regulatory channels.
This is the latest update.
First Hype ETF bitwise file
In a recent update, Bitwise Investment Advisers submitted to the SEC to launch the first Exchange-Traded Fund (ETF) linked to Hype, the native token of Hyperliquid.
The proposed ETF holds the token directly and exposes investors to high lipid value. The fund also supports physical creation and redemption, allowing the stock to be exchanged for hype tokens rather than cash. It is designed to reduce costs and simplify operations.
The next step is to submit Form 19b-4 to begin the approval process. This can take up to 240 days. The SEC recently introduced a general listing standard to speed up approval for Crypto ETFs. However, note that Bitiwise does not have high lipid futures registered in CFTC, so faster processes may not be possible.
Details on ETF exchanges, ticker symbols and administrative fees have not been disclosed yet.
High lipids, outstanding code
Bitwise analysts praise the high lipids and call them a standout protocol in the crypto space. He pointed out that it combines the best features of Bitcoin, Ethereum and Solana, adding that anyone who is unimpressed with cryptography has not yet fully explored it.
If approved, high lipid ETFs are the first of their kind, marking a major milestone by adding more liquidity to the market while providing regulated access to the institution.
Hype prices remain flat
Despite the exciting announcement, the hype is almost flat and is currently trading at $42.32. Tokens have been on a downtrend since reaching an all-time high of $59.30, down about 25% over the past week.
StockTwits CEO Howard Lindzon responded to the filing “Regression for all, as it’s been cusped in real time.”
He compared today’s investment environment to the Web2 era. We described the Web2 era as a golden age for early-stage investors. He says that while capital is often trapped in expensive private transactions today, the open market can offer better opportunities.
High lipids strengthen their ecosystem
High lipids are layer 1 blockchains built for decentralized finance, with a focus on permanent futures trading via decentralized exchanges.
Recently, we have released native Stablecoin and USDH in combination with USDC. This will allow the network to provide the first dollar-backed assets, providing traders with stable options for trading and collateral. Stablecoin is managed by the native market.
At the same time, the Ministry of Finance is growing. Recently, Hyperion Defi added a $10 million hype, bringing total allocations to over 1.7 million tokens. This shows strong confidence in the long-term potential of hype.
What does ETF mean for hype?
Recent developments in hype highlight the growing institutional interest and enhanced support for ecosystems. The proposed ETF increases market visibility by making traditional investors easy access to hype.
Investors could benefit from increased liquidity, regulated exposure, and a more resilient ecosystem in favour of tokens.
This is a key step in hype towards wider adoption. But does the green light move in the SEC? I know the time…