HYPE ETF’s Imminent Launch: Will It Keep Price Above $20? 😅📈

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Well, gather ’round, my dear readers, for the tale of a U.S. spot Hyperliquid ETF (exchange-traded fund) that’s tiptoeing into the market like a cat on a hot tin roof. The whispers say it’s coming, and soon! 🐾

According to a Bloomberg ETF analyst named Eric Balchunas, who’s probably sipping his coffee with one eye on the calendar, the amended filing on the 15th of December-with its shiny fees, ticker, and other fine details-means the launch is “imminent.” Translation: “It’s happening, but don’t bet your last dollar on it yet.” 🕒

The latest filing? A 0.67% annual management fee (because who doesn’t want to pay extra for excitement?), a ticker (BHYP), and a staking plan to share rewards with investors. Sounds like a picnic, but with more spreadsheets. 🧾

Will Institutional Demand Boost HYPE Value?

If approved, this ETF will be the first of its kind, offering altcoin lovers a new line of demand. For McKenna, a managing partner at a crypto VC firm called Arete, 2026 will be all about “institutional access” to Hyperliquid. He claims big asset managers are drooling over HYPE, calling it “one of the few attractive investment opportunities” based on its cashflow. Bold words, considering the team runs the whole shebang with just 11 people. That’s either genius or a typo. 🤯

“Based on my conversations, the larger asset managers are very much focused on Hyperliquid and see it as one of the few attractive investment opportunities based on the size of its cashflow.”

Between the DEX and its Layer 1 (L1), they’ve raked in $824 million by December 2025. A crew of eleven souls-now that’s what I call a “lean and hungry look” in the world of blockchain! 🚀

But wait! 21Shares also filed for a spot HYPE ETF, and if approved, it’ll join the party. Meanwhile, Hyperliquid Strategies merged to form the largest HYPE corporate treasury. It’s like crypto’s version of a family reunion-lots of handshakes and awkward small talk. 🤝

Futures Demand for HYPE Stagnates

Despite all the hoopla, the Futures market’s Open Interest (OI) has been as flat as a pancake in Q4. From a $2.1 billion peak in September to a measly $1 billion in December-that’s a 50% drop! If HYPE were a riverboat, it’d be drifting upstream with a leaky hull. 🛥️

But hey, the broader crypto market’s been shrinking too. And let’s not forget the monthly token unlocks that scared off investors like a ghost at a séance. Still, the project’s buyback program is chugging along, gobbling up 73.8K HYPE in 24 hours. That’s more than your average Monday morning coffee habit. ☕

With staker rewards of 26.6K HYPE, the token’s deflationary vibe might just help it bounce back-if the market’s in a good mood. But analyst Altcoin Sherpa warns it could dip to the low $20s if things sour. Yikes! That’s cheaper than a slice of New York pizza. 🍕

At press time, HYPE traded at $27, down 54% from its all-time high of $59. It’s the crypto equivalent of a rollercoaster that’s lost its thrill. 🎢

Final Thoughts

  • HYPE might soon join the U.S. spot altcoin ETF club, thanks to Bitwise’s amended filing. But let’s not break out the champagne just yet-it’s more like a lukewarm soda. 🥤
  • Speculative interest and price action remain as lively as a Sunday sermon on a rainy day, amid broader market weakness. 🌧️

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2025-12-16 22:36