bitwiseetf

Aleksei Andriunin, the founder of market maker Gotbit, was extradited from Portugal to the US on February 26 to face charges of fraud and token price manipulation in the cryptocurrency sector. The US Department of Justice (DOJ) claims that Andriunin and Gotbit were behind a large-scale scheme to manipulate the token prices of paid cryptocurrency projects.

Gotbit and the Token Price Manipulation Scheme
Andriunin, 26 years old, a Russian citizen, was arrested in October 2024 at the request of the US authorities. Subsequently, a Boston grand jury charged him with serious allegations such as online fraud, market manipulation, and financial fraud. If convicted, Andriunin could face a sentence of up to 25 years in prison.

Bitwise Investment Advisers has officially filed an S-1 registration with the U.S. SEC to launch the Bitwise Hyperliquid ETF, which would directly track and hold HYPE, the native token of the Hyperliquid blockchain.
Hyperliquid is a Layer-1 protocol built for DeFi, especially focused on decentralized perpetual futures. The filing proposes in-kind creation and redemption, meaning ETF participants can swap shares for actual HYPE tokens rather than cash, aligning with recent SEC crypto ETF policies.

🔍 Key Highlights:-
• Direct Token Exposure:
The ETF aims to hold HYPE tokens directly, supporting genuine DeFi exposure rather than synthetic derivatives.
• Custody & Mechanism:
Coinbase Custody is mentioned as custodian, and the ETF will use in-kind creation/redemption for efficiency.
• First of Its Kind:
This could become the first U.S. ETF offering regulated exposure to a decentralized protocol token beyond just Bitcoin or Ethereum.
• Regulatory Process:
The filing under Form S-1 is the first major step. The ETF will also require a Form 19b-4 and SEC review, possibly taking several months.
• Market Context:
The timing is notable—Hyperliquid faces competitive pressures from newer DEXs like Aster, which have recently surged in activity.

💡 What This Means:-
• Democratized DeFi Access:
Institutional and retail investors could access a DEX protocol token (HYPE) via conventional brokerage accounts, lowering entry barriers.
• Legitimacy & Validation:
Approval would be a strong signal of regulatory acceptance of DeFi infrastructure, not just digital assets.
• Liquidity & Volatility Risks:
The ETF’s success depends on HYPE token liquidity, volatility, and regulatory stability.
• Precedent for Other Chains:
If successful, it may open doors for similar ETFs for other DeFi or protocol tokens.
• Regulator Caution Remains:
Many altcoin ETF filings (AVAX, SUI, PENGU, SEI, INJ) are still stalled by SEC uncertainty.

🔮 Outlook:-
The Bitwise Hyperliquid ETF could represent a pioneering bridge between DeFi and traditional finance. If approved, it may catalyze broader institutional allocations into protocol token assets. A successful filing would reinforce HYPE’s position in the competitive DEX landscape and set a benchmark for future DeFi-related ETFs.
#Hyperliquid #HYPE #BitwiseETF #SEC #CryptoETF
$HYPE $ASTER $WLD

Written by: NoobToProTrader
Today, the entire crypto market's attention has been focused on one thing — Solana (SOL) 🔥

When Bitwise launched its Solana ETF, excitement surged in the market.
But just a few hours after the announcement, a large transaction emerged that shocked investors. ⚡
According to the tracking platform Whale Alert,

The newly launched Bitwise Solana ETF (BSOL) made a massive market debut, recording $417 million in inflows during its first trading week — a record-breaking performance that signals institutional confidence in Solana’s long-term potential.
This move places BSOL among the top 20 ETFs across all asset classes by net inflows, surpassing even leading Bitcoin and Ethereum funds. Analysts say this surge marks a new phase of institutional diversification, as investors look beyond Bitcoin to high-performance blockchains like Solana.
💡 Key Insights
$417M in First-Week Inflows: BSOL became the fastest-growing crypto ETF globally, outpacing several Bitcoin and Ethereum products.Institutional Rotation: Capital appears to be shifting from BTC and ETH funds toward Solana-based exposure.Staking Advantage: As a staking ETF, BSOL offers yield potential, giving institutions a way to earn passive rewards without direct wallet management.Ecosystem Strength: Solana now hosts $40B+ in user assets, reflecting strong on-chain activity and developer growth.
📊 Price Action Analysis
Despite the ETF’s success, SOL’s price dipped around 3%, currently hovering near $186.92. This signals that inflows into BSOL may have come from asset reallocations, not entirely new capital.
Support Zone: $175 remains a strong short-term support backed by trading volume and historical demand.Resistance Zone: A breakout above $195–$200 could trigger momentum toward $215.RSI Trend: Momentum indicators suggest mild accumulation — a potential early setup before a breakout.
If inflows continue, traders can expect SOL to stabilize above $190 and potentially regain bullish strength by mid-November.
⚠️ Risks to Watch
ETF Liquidity Gaps: Staking ETFs can diverge slightly from SOL’s spot performance.Regulatory Pressure: Staking-related products may face extra scrutiny from regulators.Market Rotation Risk: Short-term capital shifts from BTC/ETH could reverse if macro conditions weaken.
🧠 Trader Takeaway
The record inflows into Bitwise’s Solana ETF show that institutional money is officially validating Solana as a serious altcoin contender.

For traders, this presents a medium-term accumulation opportunity, especially if SOL consolidates above its $180–$185 range.

Long-term, the staking narrative could make Solana a core altcoin holding for institutional portfolios.


#solana #BitwiseETF #sol #AltcoinAnalysis #CryptoMarkets