#数字资产投资产品 Bitwise's Hyperliquid ETF revision document has been submitted, with a fee rate of 0.67% and the code BHYP. According to Bloomberg analyst information, this is a standard pre-listing process. The key points are: 1. The approval cycle for derivative exchange-type ETF products is accelerating; 2. The fee rate level has increased compared to mainstream spot ETFs, reflecting the complexity of the product structure; 3. Hyperliquid, as a representative of the high-frequency trading ecosystem, is indeed validating institutional allocation needs.

It is recommended to pay attention to two signals—first, the time window for the final approval result, usually there will be progress 1-2 weeks after the revision document is submitted; second, if approved and listed, large capital inflows will directly affect the trading volume and clearing scale on the Hyperliquid chain, and this data can be tracked in advance. The liquidity premium logic of derivative ETFs is worth observing.