Bitwise，Hype和ETF Frenzy：这是下一个大事吗？

Bitwise的Hype ETF归档激发了兴奋，但是SEC咬人会吗？潜入超流动的潜力和炒作令牌的狂野骑行。

Hold on to your hats, folks! The crypto world is buzzing about Bitwise's attempt to launch a Hyperliquid ETF (HYPE). But what's the real deal, and should you care? Let's break it down.

抓住你的帽子，伙计们！加密世界对Bitwise的企图推出了超流动ETF（HYPE）的兴趣。但是，真正的交易是什么，您应该在乎呢？让我们分解。

What's the HYPE About HYPE?

关于炒作的炒作是什么？

Hyperliquid, the protocol behind the HYPE token, is gaining traction. Bitwise analysts are even calling it a standout, blending the best of Bitcoin, Ethereum, and Solana. The idea is that an ETF would give regular investors a way to get in on the action without wrestling with crypto wallets and on-chain transactions.

高流动性是炒作令牌背后的方案，正在获得吸引力。位分析师甚至称其为杰出人物，融合了比特币，以太坊和索拉纳的最佳状态。这个想法是，ETF将为常规投资者提供一种行动的方式，而无需与加密钱包和链交易搏斗。

Bitwise Steps Up to the Plate

钻头走到盘子

Bitwise has officially filed with the SEC for a spot Hyperliquid ETF. This means they want to directly hold HYPE tokens, making it easier for traditional investors to get exposure. The ETF even supports in-kind creations and redemptions, swapping shares for HYPE tokens instead of cash, which could save on costs.

Bitwise已正式向SEC提交了斑点超流动性ETF。这意味着他们想直接持有炒作令牌，使传统投资者更容易获得曝光率。 ETF甚至支持实物创造和赎回，将股份换成炒作令牌而不是现金，这可以节省成本。

But here's the catch: the SEC approval process could take up to 240 days. Plus, because there are no Hyperliquid futures registered with the CFTC, the faster approval process may not be possible.

但这是捕获：SEC批准过程可能需要长达240天。另外，由于没有在CFTC上注册的超流利期货，因此可能无法使用更快的批准过程。

HYPE's Price: A Wild Ride

炒作的价格：疯狂的旅程

Despite all the ETF buzz, the HYPE token's price has been a bit of a rollercoaster. While it saw some gains, it's also experienced dips. One crypto analyst pointed out that every time HYPE hits a new high, it tends to pull back about 20% before rallying again. So, is this just a temporary dip before another surge?

尽管有所有ETF嗡嗡声，但炒作令牌的价格还是有点过山车。虽然看到了一些收益，但也遇到了下水。一位加密分析师指出，每次炒作都达到新的高位时，它往往会向后拉20％，然后再进行集会。那么，这只是一次激增之前的临时蘸酱吗？

The Ecosystem is Growing

生态系统正在增长

Hyperliquid is working hard to strengthen its ecosystem. They've launched their native stablecoin, USDH, which is paired with USDC. Plus, the HYPE treasury is growing, with Hyperion DeFi recently adding $10 million in HYPE.

高流动性正在努力增强其生态系统。他们推出了与USDC配对的本地Stablecoin USDH。另外，炒作国库正在增长，Hyperion Defi最近增加了1000万美元的炒作。

VanEck Joins the Party

Vaneck加入聚会

Bitwise isn't the only player in the ETF game. VanEck is reportedly preparing its own Hyperliquid ETF with a staking feature. They're even launching a similar product in Europe. This kind of attention could pave the way for HYPE to be listed on major exchanges like Coinbase.

Bitwise不是ETF游戏中唯一的玩家。据报道，Vaneck正在准备自己的超流液ETF，并具有堆放功能。他们甚至在欧洲推出类似产品。这种关注可能为在Coinbase等主要交流中列出炒作的道路铺平了道路。

The Big Question: Will the SEC Say Yes?

大问题：SEC会说是吗？

Ultimately, the success of a HYPE ETF hinges on the SEC's decision. If approved, it could open the floodgates for institutional investment and boost HYPE's visibility. But until then, it's a waiting game.

最终，炒作ETF的成功取决于SEC的决定。如果获得批准，它可能会为机构投资打开闸门，并提高炒作的知名度。但是直到那时，这是一个等待的游戏。

Final Thoughts

最后的想法

The Bitwise HYPE ETF is definitely something to watch. Whether it's a flash in the pan or the start of something big remains to be seen. One thing's for sure: the crypto world never has a dull moment! So, buckle up, do your research, and get ready for the ride!

位炒作ETF绝对值得关注。无论是锅中的闪光还是大事物的开始，还有待观察。可以肯定的是：加密世界从来没有一个沉闷的时刻！因此，扣紧，进行研究，并为乘车做准备！