A major asset management firm has just submitted a revision application for the spot Hyperliquid ETF to the regulatory authorities. This update includes several key details: approval of the 8a clause, a confirmed fee rate of 67 basis points, and the trading code set as BHYP.
Based on historical experience, this series of actions usually indicates that the product is not far from official launch. The submission of the revision application, the public confirmation of the fee rate, and the locking of the trading code are all indicative signals before the final step.
Interested friends can continue to follow the subsequent developments. If this spot ETF truly comes to fruition, it could significantly boost the ecosystem and user attraction of the Hyperliquid blockchain.
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GasGuzzler
· 10h ago
67 basis points are a bit painful, but if BHYP gets listed, it should take off.
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AirdropJunkie
· 12-16 09:51
67bp is a bit expensive, but it looks like the BHYP code is indeed coming.
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GateUser-e19e9c10
· 12-16 09:31
67bp is a bit hefty, but if spot ETFs are implemented, they could definitely boost interest in HL.
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BlockchainArchaeologist
· 12-16 09:28
67 basis points, this fee rate is indeed a bit painful
Once the spot ETF launches, the HL ecosystem might really take off
How do you pronounce the code BHYP?
Wait, what does the approval of clause 8a mean? Can someone explain?
This round of institutional actions definitely looks like a formal listing, but regulatory approval is still needed to make it official
A major asset management firm has just submitted a revision application for the spot Hyperliquid ETF to the regulatory authorities. This update includes several key details: approval of the 8a clause, a confirmed fee rate of 67 basis points, and the trading code set as BHYP.
Based on historical experience, this series of actions usually indicates that the product is not far from official launch. The submission of the revision application, the public confirmation of the fee rate, and the locking of the trading code are all indicative signals before the final step.
Interested friends can continue to follow the subsequent developments. If this spot ETF truly comes to fruition, it could significantly boost the ecosystem and user attraction of the Hyperliquid blockchain.