Bitwise，Hype和ETFS：这是大事物的开始吗？

Bitwise的Hype ETF申请信号在超流体中增加了机构兴趣。这是改变游戏规则的人还是另一个加密炒作周期？让我们潜水。

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?

加密世界永远不会睡觉，最新的嗡嗡声与Bitwise，Hyperliquid的炒作令牌和潜在的ETF有关。 Bitwise已向SEC申请了与Hyperliquid的本地令牌，炒作相关的第一笔交易所交易基金（ETF）。但是，这是加密过山车中的开创性还是另一个短暂的时刻？

Bitwise Bets Big on HYPE

大炒作的钻头赌注

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提交了与炒作相关的ETF。该提出的ETF将直接持有令牌，从而使投资者接触超流动性的价值。使该ETF有趣的是它对实物创造和赎回的支持，允许将股票换成炒作代币而不是现金。此举旨在降低成本并简化运营，从而使其对机构投资者更具吸引力。

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!

一位位分析师甚至赞扬了超流油，突出了其比特币，以太坊和索拉纳的最佳功能的融合。的确，高度赞美！分析师指出，没有印象深刻的任何熟悉加密货币的人尚未完全探索它。这是高度赞美！

HYPE's Ecosystem Heats Up

炒作的生态系统加热

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.

杂种不仅坐着。第1层区块链重点介绍了分散的金融，最近推出了其本地Stablecoin USDH，并与USDC配对。这一举动凭借近200万美元的早期交易，为交易者提供了稳定的交易和抵押选择。此外，炒作国库正在增长，Hyperion Defi最近增加了1000万美元的炒作。这表明对炒作的长期潜力充满信心。

HYPE Price: Flatlining Amidst the Hype?

炒作价格：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.

尽管嗡嗡作响，炒作的价格仍然相对平坦。目前的交易约为42.15美元，比历史最高水平下降了约25％。 Stocktwits首席执行官霍华德·林宗（Howard Lindzon）对ETF申请的反应幽默，他说：“所有人都应该为所有人进行堕落。他将当今的投资氛围与Web2时代进行了比较，这表明公共市场可能会提供比锁定私人交易更好的机会。

The ETF Effect: What's the Big Deal?

ETF效果：有什么大不了的？

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.

那么，ETF对炒作意味着什么？拟议的ETF将使传统投资者更容易获得炒作，从而有可能提高其市场知名度。投资者可以从更高的流动性，受监管的曝光率以及更有弹性的生态系统中受益。但是，SEC的批准仍然是一个很大的问号，审核过程可能需要长达240天。另外，重要的是要记住，市场可能会变得非常善变。

Looking Ahead: Will HYPE Live Up to the Name?

展望未来：炒作会辜负这个名字吗？

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是否获得绿光还有待观察。即使这标志着迈向主流采用，提供受监管的获取和增加流动性的重要一步。炒作的价格是否会反映这一潜力仍然是另一天的问题。可以肯定的是：加密传奇继续进行，这从来都不是一个沉闷的时刻！