#ETF与衍生品 Bitwise has submitted a revised filing for the Hyperliquid ETF, with a fee rate of 0.67% and stock code BHYP. Bloomberg analysts say this usually indicates that the product is about to be launched. To be honest, the ETF market is indeed expanding, from Bitcoin and Ethereum to now including derivatives products.

However, the key is the fee rate. 0.67% is not particularly competitive in the current ETF market, as some spot ETFs already have very low fees. Hyperliquid, as a derivatives platform, is quite popular, but whether it can attract enough funds depends on subsequent marketing and market recognition.

The hype before the launch of such new ETF products is often greater than after they are listed. When they do launch, it might turn into a scenario of "good news realized, bad news exhausted." But overall, the interest of institutions in on-chain financial instruments is indeed heating up, and this is definitely a trend.