Bitwise files amended S-1 for BHYP Hyperliquid (HYPE) spot ETF on NYSE Arca

Bitwise submitted an amended S-1 to the SEC on April 11, 2026 for BHYP, described as the first spot ETF designed to track Hyperliquid's HYPE token, with NYSE Arca listed as the exchange. The filing lists a 0.67% annual fee and names Anchorage Digital as custodian, while also outlining a model that routes 97% of trading fees to buybacks and burns and passes 85% of staking rewards to the fund net of fees.