Key Takeaways:

• Bitwise filed a second amendment for its BHYP ETF on April 10, 2026, signaling a U.S. launch may be near.
• Four issuers, including Grayscale and Vaneck are racing to offer spot HYPE exposure to U.S. investors.
• HYPE is up 200% in the past year, fueled by Hyperliquid’s fee buyback mechanism and record perps volume.

Four Asset Managers, Including Grayscale and Vaneck Race to Launch U.S. HYPE Spot ETF

Balchunas posted on X that the update typically precedes a near-term listing, noting that HYPE is up 200% over the past year and that Bitwise appears to be moving while market conditions favor the product. The firm originally filed its S-1 registration statement in September 2025 and submitted Amendment No. 1 on Dec. 15,…