- Asset management company Bitwise amended its Hyperliquid ETF filing with the SEC, adding a 0.67% fee and ticker BHYP.
- HYPE price is 4% short of retesting the bottom trendline of a long-coming falling wedge pattern.
- The 20-day EMA acts as dynamic resistance against the HYPE price in the current correction trend.
HYPE, the native token of decentralized perpetuals exchange Hyperliquid, slipped 4.2% during Monday’s U.S. market hours to hit $27.6. This downtick allowed broader bearish momentum in the crypto market as Bitcoin showed weakness and plunged below $87,000. Despite the intraday sell-off, the market watchers are closely monitoring Hype, as Bitwise just updated its amended S-1 filing for its Hyperliquid ETF, adding the 485(a) details, expense ratio, and ticker BHYP. This move hints at an imminent launch in the near term, potentially bolstering a recovery trend in price.
Bitwise Signals Imminent Hyperliquid ETF Trading With Amended S-1
Bitwise Investment Advisers filed a registration statement of the exchange-traded fund tracking the native token of the Hyperliquid blockchain on December 15, 2025, with the U.S. Securities and Exchange Commission, filed as amended on Form S-1.
The update includes Form 8-A registration language, which registers securities for possible exchange trading under the Securities Exchange Act of 1934. It also defines the trading symbol as BHYP for planned listing with the NYSE Arca and the annual expense ratio of 0.67%.
Regulatory bodies typically review these submissions during the period of one to two weeks before the allowable trading timeframe
The fund is a grantor trust and directly holds HYPE tokens in custody with Anchorage Digital Bank. Net asset value calculations are based on the CF Hype Dollar US Settlement Price, an index of trade data from major platforms using CF Benchmarks.
Additional yield generation through staking (of portions of holdings) to support network validation, with rewards being distributed net of agent fees and lock-up periods.
Bitwise was able to provide an initial seed capital earlier on, which puts the vehicle on track for operational readiness upon the effectiveness of regulation.
Investors face risks posed by token price volatility, staking interruptions, custody dependencies, and evolving control over decentralized finance assets. The structure does not have to exercise discretion in managing it daily but issues shares on a continuous basis according to demand.
Hype Price Hold Key Support of Wedge Pattern
In the past three months, the Hyperliquid coin price has witnessed a steep correction from $59.45 to the current trading price of $27.73, registering a nearly 54% loss. Interestingly, the bearish pullback resonated strictly within two converging trendlines, which revealed the formation of a falling wedge pattern in the daily time frame chart.
The chart setup is commonly spotted between an established uptrend or at the end of a correction trend to bolster uptrend continuation. Currently, the Hype price is hovering above the pattern’s bottom trendline near $27.5.
Historically, a retest of the bottom trendline has often recuperated the bullish momentum in price to drive a fresh recovery trend. If the pattern repeats, the coin price could rebound roughly 25% to hit the overhead resistance trendline at the $33 mark.
If buyers want to end the current correction trend, the price must breach the overhead trendline to accelerate bullish momentum, bolstering a recovery for the $40 mark.
On the contrary, the downsloping exponential moving average (20, 50, 100, and 200), accentuating the broader market sentiment, is bearish. If the coin price breaks below the lower trendline, the sellers would strengthen their grip over this asset for a more aggressive downtrend.
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