钻头，超流动ETF和Hype Token：有什么交易？

在DEX竞争中，Bitwise的超流动性ETF提案聚焦给令牌的潜力。深入研究趋势和洞察力，塑造了这个加密裂市场。

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，加密爱好者，让我们深入研究分散交流（DEX）和交易所交易资金（ETF）的嗡嗡声世界。大新闻？ Asset Manager Bitwise正在关注直接容纳炒作令牌的超流动性ETF，可提供超流动性DEX的折扣并涵盖区块链费用。

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

在炒作上进行了赌注：超流动ETF的全部内容是什么？

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想要启动跟踪超流动性（HYPE）的ETF（位于超流动性ETF）。这很重要，因为它可以使投资者直接接触加密货币。 ETF计划直接持有炒作令牌。另外，它的目的是实现实物的创造和赎回，让投资者将ETF股份换成炒作代币，而不是寒冷，硬现金。 SEC在7月将这种加密产品的方法赋予了绿灯，以降低成本和提高效率的一种方式。听起来不错，对吧？

DEX Wars: Hyperliquid vs. the Competition

DEX战争：超流动与比赛

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.

但这是事情变得有趣的地方。永恒的期货dex空间正在加热。基于BNB链的DEX Aster启动了令牌，并且一直在引起浪潮。 Aster的24小时交易量曾经超过超级流动性。对Aster代币的开放兴趣也大大增加了，而HYPE的开放兴趣略有下降。这是在DEX竞技场争取统治地位的战斗，而超级流动性不再是唯一的球员。

The SEC Approval Maze

SEC批准迷宫

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.

现在，关于ETF批准... BITWISE已经提交了表格S-1，这是第一步。接下来是19b-4表格，它开始了SEC评论。扣紧，因为这可能需要240天。 SEC已批准了Crypto ETF的通用上市标准，但这是踢球者：目前未拨入商品期货交易委员会（CFTC）的超流利期货合约。这可能会在时间表中扔扳手。

Hyperion DeFi's HYPE Accumulation

Hyperion Defi的炒作积累

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.

放大一点，让我们谈谈Hyperion Defi（NASDAQ：HYPD）。这家公开交易的公司也正在采取炒作。他们以1000万美元的价格抢购了176,422个炒作令牌，将其总持有量提高到1,712,195炒作。 Hyperion的首席执行官Hyunsu Jung认为这是直接参与新生态系统部署的机会。这与Microstrategy的比特币积累相比，这是一种不同的策略。 Hyperion的目的是通过在超级流动网络上存放直接产生收入。

My Two Satoshis

我的两个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.

就我个人而言，我认为位过度流动性ETF是一个大胆的举动。它可以为更多主流投资者打开大门，以获取炒作令牌。但是，DEX市场的竞争非常激烈，监管障碍是真实的。 ETF是否找到其立足点是否取决于鸡尾酒：SEC批准时间表，市场动态和超级流动性保持领先地位的能力。 Hyperion Defi的战略投资进一步验证了炒作的潜力，但也强调了较小的第1层令牌固有的风险。

Wrapping Up with a Wink

用眨眼结束

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，您拥有它 - 在地上，超流动性，炒作和加密ETF的野生世界上的低落。炒作会辜负其名字吗？只有时间会证明。但是可以肯定的是：加密空间永远不会睡觉，总会有令人兴奋的酿造。请继续关注，伙计们！