BITWISE，DEFI和ETFS：一個新的投資時代？

Bitwise的ETF申請信號標誌著傳統金融和Defi的融合，這可能是主流投資者的開放規範途徑。

Bitwise, DeFi, and ETFs: A New Era of Investment?

BITWISE，DEFI和ETFS：一個新的投資時代？

The financial world is buzzing with the potential convergence of traditional finance and decentralized finance (DeFi). Bitwise's recent move to file for a Hyperliquid ETF could open new doors for investors.

金融界嗡嗡作響，傳統金融和分散財務的潛在融合（DEFI）。 Bitwise最近申請超流動性ETF的舉動可能會為投資者打開新的門。

Bitwise Files for Hyperliquid ETF: A Landmark Moment

超流動性ETF的鑽頭文件：地標時刻

Bitwise Asset Management has officially filed for a spot Exchange-Traded Fund (ETF) tied to Hyperliquid's native token, HYPE. This represents a pivotal moment, potentially opening a regulated pathway for mainstream investors to gain direct exposure to a specific decentralized exchange (DEX) token. Submitted to the U.S. Securities and Exchange Commission (SEC) on September 25, 2025, this filing is a game-changer.

位資產管理已正式申請了與Hyperliquid的本地令牌炒作相關的現貨交易所基金（ETF）。這代表了一個關鍵時刻，有可能為主流投資者開闢一條受管制的途徑，以直接接觸特定的分散交易所（DEX）令牌。該文件於2025年9月25日提交給美國證券交易委員會（SEC），這是一個改變遊戲規則的人。

The proposed Bitwise Hyperliquid ETF aims to bridge the gap between institutional capital and the innovative, yet often complex, DeFi ecosystem. If approved, it would mark the first regulated ETF in the U.S. offering direct exposure to a dedicated DeFi token, moving beyond the previously approved Bitcoin and Ethereum ETFs.

提出的比較超流動性ETF旨在彌合製度資本與創新但經常複雜的自發生態系統之間的差距。如果獲得批准，它將標誌著美國的第一個受監管的ETF，直接接觸專用的Defi代幣，超越了先前批准的比特幣和以太坊ETF。

Winners and Losers in the DeFi ETF Race

贏家和失敗者在Defi ETF競賽中

The potential approval of a Bitwise Hyperliquid ETF could send significant ripple effects across various sectors of the financial market. Hyperliquid stands to gain immensely, with increased accessibility and legitimacy for its HYPE token. Bitwise Asset Management would also benefit, enhancing its reputation as an innovator in the digital asset space. Custodial services like Coinbase Custody Trust Company could also see increased business.

比特過度液體ETF的潛在認可可能會在金融市場的各個部門發揮重大連鎖反應。超流體將獲得極大的收益，其炒作令牌的可及性和合法性提高。位資產管理也將受益，增強其作為數字資產領域創新者的聲譽。諸如Coinbase監護信託公司這樣的託管服務也可能會增加業務。

Conversely, centralized exchanges (CEXs) like Coinbase and Binance might face increased competition. The legitimization of DEXs through ETFs could shift some trading volume and investor interest towards decentralized platforms. Traditional financial institutions that are slow to adapt to the integration of DeFi into mainstream products could also find themselves at a disadvantage.

相反，像Coinbase和Binance這樣的集中交流（CEXS）可能面臨競爭的增加。 DEX通過ETF的合法化可能會將一些交易量和投資者的興趣轉移到分散平台上。傳統的金融機構適應Defi將Defi集成到主流產品中的速度也可能會處於不利地位。

Broader Significance: DeFi Legitimization

更廣泛的意義：Fefi合法化

Bitwise's pursuit of a Hyperliquid ETF represents a profound shift in the perception and integration of decentralized finance into the broader financial landscape. This event signifies a growing recognition of the innovation and potential within the DeFi sector, particularly for protocols offering robust, high-performance services like Hyperliquid.

Bitwise對超流動性ETF的追求代表了分散財務的感知和整合到更廣泛的金融環境中的深刻轉變。該事件表示對偏見部門內部的創新和潛力的認識日益認識，尤其是對於提供強大的高性能服務（例如Hyproliquid）的協議。

High-Momentum ETFs: Gold, Silver, and Bitcoin Lead the Way

高摩肌ETF：黃金，銀和比特幣的前進

As of late September 2025, high-momentum Exchange Traded Funds (ETFs) focused on gold, silver, and Bitcoin have emerged as leading performers in the financial markets. These specialized ETFs leverage the "momentum" factor, investing in assets demonstrating strong recent performance. The surge in these alternative asset classes reflects a strategic pivot by investors seeking safe-haven assets, inflation hedges, and diversification away from traditional equities and a weakening U.S. dollar.

截至2025年9月下旬，High Momentum Exchange交易基金（ETF）的重點是黃金，白銀和比特幣，已成為金融市場的領先表現。這些專業的ETF利用了“動量”因素，投資於證明最近績效強勁的資產。這些替代資產類別的激增反映了尋求安全資產，通貨膨脹對沖和從傳統股票的多元化以及美元削弱的投資者的戰略樞紐。

Conclusion: The Future of DeFi and ETFs

結論：Defi和ETF的未來

Bitwise's filing for a Hyperliquid ETF marks a defining moment in the ongoing integration of decentralized finance into mainstream investment products. The accelerating trend of institutional interest in DeFi promises to democratize access to DeFi for a broader investor base, potentially channeling significant new capital into the ecosystem and fostering further innovation.

Bitwise提出的超流動性ETF標誌著將分散融資融合到主流投資產品中的一個決定時刻。機構利益在Defi中的加速趨勢有望使更廣泛的投資者基礎的DeFi訪問權力，從而將大量新資本引入生態系統並促進進一步的創新。

So, keep your eyes peeled and your ears to the ground, folks. The world of finance is changing, and it's getting a whole lot more interesting! Whether you're a seasoned investor or just dipping your toes in, now's the time to pay attention to the exciting developments in Bitwise, DeFi, and ETFs.

因此，伙計們，讓眼睛剝皮，耳朵伸到地面上。金融世界正在發生變化，而且變得更加有趣！無論您是經驗豐富的投資者還是只是浸入腳趾，現在是時候關注Bitwise，Defi和ETF的令人興奮的發展。