鑽頭，超流動ETF和Hype Token：有什麼交易？

在DEX競爭中，Bitwise的超流動性ETF提案聚焦給令牌的潛力。深入研究趨勢和洞察力，塑造了這個加密裂市場。

Alright, crypto enthusiasts, let's dive into the buzzing world of decentralized exchanges (DEXs) and exchange-traded funds (ETFs). The big news? Asset manager Bitwise is eyeing a Hyperliquid ETF, which directly holds HYPE tokens, offering discounts on Hyperliquid's DEX and covering blockchain fees.

好吧，加密愛好者，讓我們深入研究分散交流（DEX）和交易所交易資金（ETF）的嗡嗡聲世界。大新聞？ Asset Manager Bitwise正在關注直接容納炒作令牌的超流動性ETF，可提供超流動性DEX的折扣並涵蓋區塊鏈費用。

Bitwise Bets on HYPE: What's the Hyperliquid ETF All About?

在炒作上進行了賭注：超流動ETF的全部內容是什麼？

So, Bitwise wants to launch an ETF (the Bitwise Hyperliquid ETF) that tracks Hyperliquid (HYPE). This is a big deal because it could bring direct crypto exposure to investors. The ETF plans to directly hold HYPE tokens. Plus, it's aiming for in-kind creations and redemptions, letting investors swap ETF shares for HYPE tokens instead of cold, hard cash. The SEC gave the green light to this approach for crypto products back in July, touting it as a way to cut costs and boost efficiency. Sounds good, right?

因此，Bitwise想要啟動跟踪超流動性（HYPE）的ETF（位於超流動性ETF）。這很重要，因為它可以使投資者直接接觸加密貨幣。 ETF計劃直接持有炒作令牌。另外，它的目的是實現實物的創造和贖回，讓投資者將ETF股份換成炒作代幣，而不是寒冷，硬現金。 SEC在7月將這種加密產品的方法賦予了綠燈，以降低成本和提高效率的一種方式。聽起來不錯，對吧？

DEX Wars: Hyperliquid vs. the Competition

DEX戰爭：超流動與比賽

But here's where things get interesting. The perpetual futures DEX space is heating up. Aster, a BNB Chain-based DEX, launched its token, and it's been making waves. Aster’s 24-hour trading volume once soared past Hyperliquid's. Open interest on Aster's token also jumped significantly, while HYPE's open interest took a slight dip. It's a battle for dominance in the DEX arena, and Hyperliquid isn't the only player anymore.

但這是事情變得有趣的地方。永恆的期貨dex空間正在加熱。基於BNB鏈的DEX Aster啟動了令牌，並且一直在引起浪潮。 Aster的24小時交易量曾經超過超級流動性。對Aster代幣的開放興趣也大大增加了，而HYPE的開放興趣略有下降。這是在DEX競技場爭取統治地位的戰鬥，而超級流動性不再是唯一的球員。

The SEC Approval Maze

SEC批准迷宮

Now, about that ETF approval... Bitwise has already submitted a Form S-1, which is the first step. Next up is Form 19b-4, which kicks off the SEC review. Buckle up, because this could take up to 240 days. The SEC has approved generic listing standards for crypto ETFs, but here's the kicker: no Hyperliquid futures contracts are currently registered with the Commodity Futures Trading Commission (CFTC). This could throw a wrench in the timeline.

現在，關於ETF批准... BITWISE已經提交了表格S-1，這是第一步。接下來是19b-4表格，它開始了SEC評論。扣緊，因為這可能需要240天。 SEC已批准了Crypto ETF的通用上市標準，但這是踢球者：目前未撥入商品期貨交易委員會（CFTC）的超流利期貨合約。這可能會在時間表中扔扳手。

Hyperion DeFi's HYPE Accumulation

Hyperion Defi的炒作積累

Zooming out a bit, let's talk about Hyperion DeFi (NASDAQ: HYPD). This publicly traded company is also getting in on the HYPE action. They snagged 176,422 HYPE tokens for a cool $10 million, boosting their total holdings to 1,712,195 HYPE. Hyperion's CEO, Hyunsu Jung, sees this as an opportunity to directly participate in new ecosystem deployments. It's a different strategy than, say, MicroStrategy's Bitcoin accumulation. Hyperion aims to generate revenue directly by staking on the Hyperliquid network.

放大一點，讓我們談談Hyperion Defi（NASDAQ：HYPD）。這家公開交易的公司也正在採取炒作。他們以1000萬美元的價格搶購了176,422個炒作令牌，將其總持有量提高到1,712,195炒作。 Hyperion的首席執行官Hyunsu Jung認為這是直接參與新生態系統部署的機會。這與Microstrategy的比特幣積累相比，這是一種不同的策略。 Hyperion的目的是通過在超級流動網絡上存放直接產生收入。

My Two Satoshis

我的兩個satoshis

Personally, I think the Bitwise Hyperliquid ETF is a bold move. It could open the door for more mainstream investors to get their hands on HYPE tokens. However, the competition in the DEX market is fierce, and the regulatory hurdles are real. Whether the ETF finds its footing will depend on a cocktail of factors: SEC approval timelines, market dynamics, and Hyperliquid's ability to stay ahead of the curve. Hyperion DeFi's strategic investment further validates the potential of HYPE, but also highlights the risks inherent in smaller Layer 1 tokens.

就我個人而言，我認為位過度流動性ETF是一個大膽的舉動。它可以為更多主流投資者打開大門，以獲取炒作令牌。但是，DEX市場的競爭非常激烈，監管障礙是真實的。 ETF是否找到其立足點是否取決於雞尾酒：SEC批准時間表，市場動態和超級流動性保持領先地位的能力。 Hyperion Defi的戰略投資進一步驗證了炒作的潛力，但也強調了較小的第1層令牌固有的風險。

Wrapping Up with a Wink

用眨眼結束

So, there you have it—the lowdown on Bitwise, Hyperliquid, HYPE, and the wild world of crypto ETFs. Will HYPE live up to its name? Only time will tell. But one thing's for sure: the crypto space never sleeps, and there's always something exciting brewing. Stay tuned, folks!

因此，您擁有它 - 在地上，超流動性，炒作和加密ETF的野生世界上的低落。炒作會辜負其名字嗎？只有時間會證明。但是可以肯定的是：加密空間永遠不會睡覺，總會有令人興奮的釀造。請繼續關注，伙計們！