Bitwise files updated S-1 for Hyperliquid ETF as HYPE fund race heats up

Bitwise has filed an updated S-1 for the Hyperliquid ETF (HYPE), which has surged approximately 200% in the past year. This move intensifies competition among asset managers like Grayscale, 21Shares, and VanEck, all targeting HYPE-linked ETFs. The growing interest highlights increasing demand and potential growth for HYPE-related investment products.