BITWISE，DEFI和ETFS：一个新的投资时代？

Bitwise的ETF申请信号标志着传统金融和Defi的融合，这可能是主流投资者的开放规范途径。

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

BITWISE，DEFI和ETFS：一个新的投资时代？

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.

金融界嗡嗡作响，传统金融和分散财务的潜在融合（DEFI）。 Bitwise最近申请超流动性ETF的举动可能会为投资者打开新的门。

Bitwise Files for Hyperliquid ETF: A Landmark Moment

超流动性ETF的钻头文件：地标时刻

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.

位资产管理已正式申请了与Hyperliquid的本地令牌炒作相关的现货交易所基金（ETF）。这代表了一个关键时刻，有可能为主流投资者开辟一条受管制的途径，以直接接触特定的分散交易所（DEX）令牌。该文件于2025年9月25日提交给美国证券交易委员会（SEC），这是一个改变游戏规则的人。

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.

提出的比较超流动性ETF旨在弥合制度资本与创新但经常复杂的自发生态系统之间的差距。如果获得批准，它将标志着美国的第一个受监管的ETF，直接接触专用的Defi代币，超越了先前批准的比特币和以太坊ETF。

Winners and Losers in the DeFi ETF Race

赢家和失败者在Defi ETF竞赛中

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.

比特过度液体ETF的潜在认可可能会在金融市场的各个部门发挥重大连锁反应。超流体将获得极大的收益，其炒作令牌的可及性和合法性提高。位资产管理也将受益，增强其作为数字资产领域创新者的声誉。诸如Coinbase监护信托公司这样的托管服务也可能会增加业务。

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这样的集中交流（CEXS）可能面临竞争的增加。 DEX通过ETF的合法化可能会将一些交易量和投资者的兴趣转移到分散平台上。传统的金融机构适应Defi将Defi集成到主流产品中的速度也可能会处于不利地位。

Broader Significance: DeFi Legitimization

更广泛的意义：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对超流动性ETF的追求代表了分散财务的感知和整合到更广泛的金融环境中的深刻转变。该事件表示对偏见部门内部的创新和潜力的认识日益认识，尤其是对于提供强大的高性能服务（例如Hyproliquid）的协议。

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

高摩肌ETF：黄金，银和比特币的前进

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）的重点是黄金，白银和比特币，已成为金融市场的领先表现。这些专业的ETF利用了“动量”因素，投资于证明最近绩效强劲的资产。这些替代资产类别的激增反映了寻求安全资产，通货膨胀对冲和从传统股票的多元化以及美元削弱的投资者的战略枢纽。

Conclusion: The Future of DeFi and ETFs

结论：Defi和ETF的未来

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提出的超流动性ETF标志着将分散融资融合到主流投资产品中的一个决定时刻。机构利益在Defi中的加速趋势有望使更广泛的投资者基础的DeFi访问权力，从而将大量新资本引入生态系统并促进进一步的创新。

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，伙计们，让眼睛剥皮，耳朵伸到地面上。金融世界正在发生变化，而且变得更加有趣！无论您是经验丰富的投资者还是只是浸入脚趾，现在是时候关注Bitwise，Defi和ETF的令人兴奋的发展。