Bitwise，Hype和ETFS：這是大事物的開始嗎？

Bitwise的Hype ETF申請信號在超流體中增加了機構興趣。這是改變遊戲規則的人還是另一個加密炒作週期？讓我們潛水。

The crypto world never sleeps, and the latest buzz is all about Bitwise, Hyperliquid's HYPE token, and a potential ETF. Bitwise has filed with the SEC to launch the first exchange-traded fund (ETF) linked to Hyperliquid’s native token, HYPE, opening new doors for investors. But is this groundbreaking or just another fleeting moment in the crypto roller coaster?

加密世界永遠不會睡覺，最新的嗡嗡聲與Bitwise，Hyperliquid的炒作令牌和潛在的ETF有關。 Bitwise已向SEC申請了與Hyperliquid的本地令牌，炒作相關的第一筆交易所交易基金（ETF）。但是，這是加密過山車中的開創性還是另一個短暫的時刻？

Bitwise Bets Big on HYPE

大炒作的鑽頭賭注

Bitwise Investment Advisers recently filed with the SEC to launch an ETF linked to HYPE. This proposed ETF would directly hold the token, offering investors exposure to Hyperliquid's value. What makes this ETF interesting is its support for in-kind creations and redemptions, allowing shares to be swapped for HYPE tokens instead of cash. This move aims to cut costs and simplify operations, potentially making it more attractive to institutional investors.

Bitwise Investment Advisers最近向SEC提交了與炒作相關的ETF。該提出的ETF將直接持有令牌，從而使投資者接觸超流動性的價值。使該ETF有趣的是它對實物創造和贖回的支持，允許將股票換成炒作代幣而不是現金。此舉旨在降低成本並簡化運營，從而使其對機構投資者更具吸引力。

A Bitwise analyst even praised Hyperliquid, highlighting its blend of Bitcoin, Ethereum, and Solana's best features. High praise, indeed! The analyst noted that anyone familiar with crypto who isn’t impressed likely hasn’t fully explored it yet. This is high praise!

一位位分析師甚至讚揚了超流油，突出了其比特幣，以太坊和索拉納的最佳功能的融合。的確，高度讚美！分析師指出，沒有印象深刻的任何熟悉加密貨幣的人尚未完全探索它。這是高度讚美！

HYPE's Ecosystem Heats Up

炒作的生態系統加熱

Hyperliquid isn't just sitting still. The Layer 1 blockchain, focused on decentralized finance, recently launched its native stablecoin, USDH, paired with USDC. With nearly $2 million in early trading, this move provides traders with a stable option for trading and collateral. Additionally, the HYPE treasury is growing, with Hyperion DeFi recently adding $10 million in HYPE. This shows strong confidence in HYPE's long-term potential.

雜種不僅坐著。第1層區塊鏈重點介紹了分散的金融，最近推出了其本地Stablecoin USDH，並與USDC配對。這一舉動憑藉近200萬美元的早期交易，為交易者提供了穩定的交易和抵押選擇。此外，炒作國庫正在增長，Hyperion Defi最近增加了1000萬美元的炒作。這表明對炒作的長期潛力充滿信心。

HYPE Price: Flatlining Amidst the Hype?

炒作價格：在炒作中平整？

Despite the buzz, HYPE's price has remained relatively flat. Currently trading around $42.15, it's down about 25% from its all-time high. Howard Lindzon, CEO of Stocktwits, reacted to the ETF filing with a humorous take, saying, “Degeneracy for all as it should be..priced in real time.” He compared today’s investment climate to the Web2 era, suggesting public markets might offer better opportunities than locked-up private deals.

儘管嗡嗡作響，炒作的價格仍然相對平坦。目前的交易約為42.15美元，比歷史最高水平下降了約25％。 Stocktwits首席執行官霍華德·林宗（Howard Lindzon）對ETF申請的反應幽默，他說：“所有人都應該為所有人進行墮落。他將當今的投資氛圍與Web2時代進行了比較，這表明公共市場可能會提供比鎖定私人交易更好的機會。

The ETF Effect: What's the Big Deal?

ETF效果：有什麼大不了的？

So, what could an ETF mean for HYPE? The proposed ETF would make it easier for traditional investors to access HYPE, potentially boosting its market visibility. Investors could benefit from higher liquidity, regulated exposure, and a more resilient ecosystem backing the token. However, the SEC's approval is still a big question mark, with the review process potentially taking up to 240 days. Also, it's important to remember that the market can be quite fickle.

那麼，ETF對炒作意味著什麼？擬議的ETF將使傳統投資者更容易獲得炒作，從而有可能提高其市場知名度。投資者可以從更高的流動性，受監管的曝光率以及更有彈性的生態系統中受益。但是，SEC的批准仍然是一個很大的問號，審核過程可能需要長達240天。另外，重要的是要記住，市場可能會變得非常善變。

Looking Ahead: Will HYPE Live Up to the Name?

展望未來：炒作會辜負這個名字嗎？

Whether the Bitwise HYPE ETF gets the green light remains to be seen. Even though, this signals a significant step towards mainstream adoption, offering regulated access and increased liquidity. Whether HYPE's price will reflect this potential remains a question for another day. One thing's for sure: the crypto saga continues, and it's never a dull moment!

位炒作ETF是否獲得綠光還有待觀察。即使這標誌著邁向主流採用，提供受監管的獲取和增加流動性的重要一步。炒作的價格是否會反映這一潛力仍然是另一天的問題。可以肯定的是：加密傳奇繼續進行，這從來都不是一個沉悶的時刻！