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Bitwise Files for Hyperliquid ETF with HYPE Token Focus

Joshua Trelawen by Joshua Trelawen
September 26, 2025
in Altcoin News
Bitwise's ETF Filing Targets Hyperliquid

Bitwise's ETF Filing Targets Hyperliquid

Key Points:
  • Bitwise’s ETF filing targets Hyperliquid’s HYPE token.
  • Potential DeFi momentum from institutional adoption.
  • May influence broader crypto market dynamics and integration.
bitwises-etf-filing-targets-hyperliquid
Bitwise’s ETF Filing Targets Hyperliquid

Bitwise Asset Management has filed for an ETF tracking Hyperliquid’s HYPE token, marking its move to bridge decentralized finance with traditional finance in a new SEC request.

This initiative could enhance institutional liquidity in DeFi, while Hyperliquid’s HYPE remained stable despite the filing, reflecting cautious investor sentiment towards regulatory approval.

Bitwise Asset Management has filed for an ETF focused on Hyperliquid’s HYPE token, potentially bridging DeFi and traditional finance. The filing indicates the growing institutional interest in decentralized finance protocols.

Led by Hunter Horsley, Bitwise aims to provide direct HYPE exposure to investors. Coinbase Custody Trust Company is appointed as the ETF’s official custodian, ensuring secure asset management under institutional standards.

The ETF filing is anticipated to influence institutional liquidity flows into DeFi, particularly affecting Hyperliquid’s market position. The HYPE token’s market cap saw growth, though its price remained on a downtrend post-filing. In-kind creation and redemption mechanisms could alter on-chain liquidity.

This move by Bitwise highlights potential financial shifts and indicates a focus on DeFi primitives and protocols. The SEC’s regulatory review continues, which may determine the ETF’s market impact and adoption pace.

Historically, ETF approvals have led to surges in relevant asset investments. The outcomes of this filing may influence other decentralized protocols, adding to market volatility. “The Trust will hold only Hyperliquid tokens (HYPE), providing investors direct exposure to the value of HYPE,” said Hunter Horsley, CEO of Bitwise Asset Management.

Potential outcomes include increased market liquidity and broader DeFi adoption. The ETF’s success could set new regulatory precedents, affecting future crypto-asset filings.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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Joshua Trelawen

Joshua Trelawen

Blockchain Researcher | Investigations Reporter | Tokenomics and Liquidity Analyst
Joshua Trelawen is a senior crypto researcher and reporter whose work focuses on the evidence beneath market narratives. At TheCCPress, he covers fraud signals, liquidity shifts, whale behavior, tokenomics, and the structural weaknesses that often sit behind high-confidence crypto stories. He is a strong fit for coverage that needs more than commentary and requires a careful reading of data, incentives, and market behavior.

“A good investigation does not just identify what looks suspicious. It explains the structure that made it possible.”

Profile
- Gender: Male
- Born: September 1990
- Based: Tallinn, Estonia
- Company: TheCCPress
- Website: https://theccpress.com/
- Coverage Focus: Investigations, fraud, collapse, tokenomics, liquidity, power structures

Experience
Joshua has spent more than a decade working across crypto research, journalism, and market analysis. His background includes advising research teams, interpreting on-chain data, following liquidity movements, and writing for audiences that need both context and precision. At TheCCPress, that makes him an ideal fit for investigations and stories where token structure or capital flows are central to the truth of the story.

Background
Trained in economics and finance, Joshua built a professional reputation around translating complex data into readable reporting. Although his earlier work covered broad crypto and DeFi topics, his value to TheCCPress lies in his ability to investigate how ecosystems are funded, how narratives are sustained, and where risk is being disguised as innovation.

Achievements
Joshua has published deep-dive reports on DeFi hacks, whale behavior, liquidity risk, and token valuation. He is particularly strong when a story needs to move from rumor or public narrative into a more disciplined explanation of what the evidence can actually support.

Work Style
His work style is analytical, source-led, and skeptical without being theatrical. Joshua is most effective when he can take a complex market or token story and show readers the structure underneath it: where the incentives sit, where the pressure points are, and where the narrative does not hold.

Skills
His core strengths include on-chain analysis, tokenomics research, investigative reporting, market-risk interpretation, data-backed feature writing, and long-form explanatory journalism. He is most useful on stories that require technical confidence and editorial restraint at the same time.

Additional Information
Within TheCCPress, Joshua is a natural fit for investigations/fraud, investigations/collapse, power/vcs, and selected conflicts/company stories. He strengthens the site’s ability to investigate systemic risk and questionable market structures.

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