🚨NEW ETF ALERT: BITWISE MOVES CLOSER TO A HYPERLIQUID ETF
This could be one of the most important crypto ETF developments flying under the radar.
Bitwise Asset Management just filed an updated S-1…
And the signal is clear: launch is getting CLOSE.
The latest amendment adds two major trading counterparties:
• Flowdesk
• Wintermute
This is not a small detail.
This is infrastructure being locked in.
Market makers = liquidity
Liquidity = stability
Stability = ETF approval readiness
In other words…
This isn’t just paperwork anymore.
It’s execution mode.
Why this matters:
This ETF is tied to Hyperliquid one of the fastest-growing perps ecosystems in crypto.
If approved, it would:
• Bridge DeFi exposure into traditional markets
• Give institutions access to onchain derivatives growth
• Open a NEW narrative beyond Bitcoin & Ethereum ETFs
And here’s the bigger picture:
The ETF race is expanding FAST.
First BTC
Then ETH
Now…
➡️ DeFi
➡️ Perps
➡️ Onchain infra
This is the next wave.
But approval isn’t guaranteed.
Regulators are still figuring out:
• How to classify these assets
• How to manage counterparty risk
• How to handle DeFi exposure in TradFi wrappers
Still…
Second amendment = progress
And progress in ETF filings usually means one thing:
They’re pushing HARD for approval.
Smart money takeaway:
Watch this closely.
Because if this goes through…
It could unlock an entirely new category of institutional crypto flows.
#Crypto #ETF #DeFi #Hyperliquid #Bitcoin $HYPE