比特，斑點ETF，超流動：炒作的主流力矩？

Bitwise的目的是推出超流動性ETF，可能會增加採用的炒作，並與傳統的財務聯繫起來。但是監管障礙迫在眉睫。

Bitwise, Spot ETF, Hyperliquid: HYPE's Mainstream Moment?

比特，斑點ETF，超流動：炒作的主流力矩？

The crypto world is buzzing about a potential new bridge between traditional finance and decentralized exchanges: the Bitwise Hyperliquid ETF. This could be a game-changer for Hyperliquid and its HYPE token.

加密世界對傳統金融和分散交易所之間的潛在新橋樑的嗡嗡作響：位於超流利的ETF。這可能是超級流動及其炒作令牌的遊戲規則改變者。

Bitwise Bets on Hyperliquid

在超流動

Bitwise Asset Management has filed with the SEC to launch an ETF focused on Hyperliquid's HYPE token. This ETF would directly hold HYPE, giving investors exposure to the token through traditional brokerage accounts. Coinbase Custody is slated to be the custodian, a sign of institutional seriousness.

Bitwise Asset Management已向SEC提出，啟動了針對Hyperliquid炒作令牌的ETF。該ETF將直接炒作，使投資者通過傳統的經紀帳戶接觸令牌。 Coinbase監護權定義為託管人，這是機構嚴重的標誌。

Why Hyperliquid?

為什麼要過度攪拌？

Hyperliquid has emerged as a key player in the derivatives space, known for its perpetual futures protocol and blockchain ecosystem. The HYPE token is central to the network, used for transaction fees and discounts. An ETF could significantly increase demand for HYPE, boosting its adoption and integrating it more deeply into the financial world.

Hyperliquid已成為衍生品空間中的關鍵參與者，以其永久期貨協議和區塊鏈生態系統而聞名。炒作令牌是網絡的核心，用於交易費用和折扣。 ETF可能會大大增加對炒作的需求，提高其採用並將其更深入地融入金融界。

VanEck Also in the Mix

Vaneck也在混音中

Bitwise isn't alone in seeing potential in Hyperliquid. VanEck has plans for a spot-staking HYPE ETF in Europe and a related product in the US. This competition underscores the rising institutional interest in Hyperliquid.

鑽頭並不孤單地看到超流體中的潛力。 Vaneck計劃在歐洲進行現場宣傳ETF，並在美國進行相關產品。這項競爭強調了超流動性的機構興趣不斷上升。

The Regulatory Roadblock

監管障礙

The path to approval isn't guaranteed. Bitwise acknowledged that there are currently no Hyperliquid futures contracts registered with the CFTC. The SEC has historically relied on futures contracts to oversee markets, so this absence could complicate and lengthen the review process.

不能保證批准的道路。 Bitwise承認，目前沒有與CFTC註冊的超流利期貨合約。 SEC歷史上一直依靠期貨合約來監督市場，因此這種缺席可能會使審查過程變得複雜並延長。

The SEC is already weighing several other altcoin ETF applications, proceeding with caution. Balancing innovation with investor protection is a complex task.

SEC已經在謹慎地稱重其他幾個Altcoin ETF應用程序。平衡創新與投資者保護是一項複雜的任務。

HYPE's Wild Ride

炒作的瘋狂騎行

HYPE has seen impressive growth since its launch, rallying over 1,200%. While it has pulled back from recent highs, its trading volume and derivatives activity remain strong.

自推出以來，Hype的增長令人印象深刻，漲幅超過1,200％。儘管它已經從最近的高點中退回，但其交易量和衍生品活動仍然很強。

Altcoin Season Spotlight

Altcoin季節聚光燈

Hyperliquid, along with Aethir and Mantle, is currently in the altcoin spotlight. This reflects a trend where traders are focusing on tokens with strong trading depth, clear narratives, and exchange access.

當前，高流動性以及Aethir和Mantle，目前是Altcoin的聚光燈。這反映了貿易商專注於具有強大交易深度，清晰敘述和交換訪問權限的代幣的趨勢。

A Word of Caution (and a Dash of Optimism)

一個謹慎的話（以及樂觀的一點點）

While a Hyperliquid ETF could be a major step forward, success depends on regulatory approvals, market adoption, and HYPE's ability to sustain demand in a competitive market. However, the move signifies the maturation of the crypto space, as assets tied to infrastructure, derivatives, and gaming platforms are gaining traction.

儘管超流動性ETF可能是向前邁出的重要一步，但成功取決於監管的批准，採用市場和炒作能夠在競爭市場中維持需求的能力。但是，此舉意味著加密空間的成熟，因為與基礎架構，衍生品和遊戲平台相關的資產正在吸引。

The Bottom Line

底線

Bitwise's move to file for a Hyperliquid ETF is a bold one. Whether it succeeds or not, it signals a growing interest in bringing innovative crypto projects into the mainstream. Will HYPE become the next big thing? Only time (and the SEC) will tell. But one thing's for sure: it's gonna be an interesting ride!

Bitwise歸檔為超流動性ETF的提交是大膽的。無論是否成功，它都表明對將創新的加密項目帶入主流越來越興趣。炒作會成為下一個大事嗎？只有時間（和SEC）會說明。但是可以肯定的是：這將是一個有趣的旅程！