Bitwise Eyes Spot Hyperliquid ETF Amid Fierce Decentralized Exchange Competition

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Asset manager Bitwise has submitted a filing to launch an exchange-traded fund (ETF) focused on the Hyperliquid perpetual futures protocol and its native token, HYPE. This move comes as the decentralized exchange (DEX) landscape intensifies, with new players challenging established leaders in the on-chain futures trading space.

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