News linked to both this project and an event.
the U.S. SEC is seeking public comments on prediction market ETFs and has postponed the approval process for related "new-type ETFs."SEC Chairman Paul Atkins stated, "New products bring new questions," indicating that regulators need to further assess the impact of such products. Previously, Bitwise, Roundhill, and GraniteShares have submitted applications for prediction market ETFs, which would track the outcomes of events such as U.S. elections.Bloomberg ETF analyst Eric Balchunas noted that the SEC is currently evaluating prediction market ETFs cautiously, similar to its previous approach to spot crypto ETFs. (Cointelegraph)
the Hyperliquid Policy Center stated that Hyperliquid, as an on-chain perpetual contract trading platform, can provide a new model for market integrity and transparency. The agency claimed that Hyperliquid makes all on-chain transaction records publicly available in real-time, which helps regulators and law enforcement agencies with monitoring, identification, and investigation, and also reduces the risks of insider trading and price manipulation.Previous reports indicated that ICE and CME are communicating with U.S. regulators, urging the CFTC to strengthen oversight of Hyperliquid. Their argument is that the platform's 24/7 operation of commodity trading could pose manipulation risks to markets such as global oil prices.Hyperliquid has recently experienced rapid growth in the commodity trading sector, partly due to its support for non-traditional trading hours and weekend trading. This week, 21Shares and Bitwise also successively launched ETFs related to Hyperliquid, citing increased oil and metal trading activity on the platform.The Hyperliquid Policy Center, however, believes that round-the-clock trading actually enhances market efficiency. Since price changes do not stop when traditional exchanges are closed, continuous trading helps reduce gaps between trading sessions and improves price discovery.
the Bitwise Hyperliquid ETF will begin trading on the New York Stock Exchange this Friday under the ticker BHYP. Previously, the 21Shares Hyperliquid ETF (THYP) launched this Tuesday, with a first-day trading volume of approximately $1.8 million.BHYP will become the first fund in the U.S. to offer yield from staking Hyperliquid, with the staking operations to be carried out by Bitwise's subsidiary, Bitwise Onchain Solutions. 21Shares has also stated its plan to stake the majority of its HYPE holdings.Hyperliquid is currently a leading on-chain perpetual contract exchange and is gradually expanding into tokenized commodities and spot crypto trading. Its native token, HYPE, is used to pay platform fees and has consistently ranked among the top 15 crypto assets by trading volume.
Odaily Solana infrastructure project Jupiter has announced a partnership with Bitwise to launch a dedicated USDe lending market on Jupiter Lend. This marks the first time an institutional asset management firm has participated in curating a lending market on Jupiter Lend.The market will be isolated from Jupiter Lend's existing liquidity pools to reduce the risk exposure of potential institutional capital, and will integrate the decentralized protocol Fluid to provide lending and collateral infrastructure support.This collaboration will offer users a new avenue to generate yields on USDe within the Solana ecosystem.
Ethena has announced the launch of a USDe-exclusive market on Jupiter Lend. This market is fully independent from the existing Jupiter Lend deployment, with Bitwise responsible for on-chain asset management and risk supervision, and it supports institutional participation.Users can now deposit USDe, borrow, and execute leveraged USDe strategies on Jupiter Lend. Additionally, USDe can be bridged to the Solana network via Stargate Finance.
Bitwise Chief Investment Officer Matt Hougan stated that privacy is becoming a core infrastructure direction for the next phase of the crypto industry. Recently, three institutional-grade blockchains focused on stablecoins and asset tokenization—Arc, Canton, and Tempo—have accumulated over $1 billion in total funding, indicating a rapidly growing demand from institutions for "privacy-friendly on-chain financial systems."Among them, stablecoin issuer Circle contributed $222 million in funding for Arc, giving it a valuation of approximately $3 billion; Digital Asset’s Canton blockchain is reportedly seeking $300 million in funding at a $2 billion valuation; and Tempo, backed by Stripe and Paradigm, has previously completed $500 million in funding at a valuation of $5 billion.Hougan noted that this funding wave reflects three major trends: the gradual clarification of the U.S. regulatory framework, increased institutional demand for on-chain privacy, and intensified competition among new blockchain networks supported by large enterprises. Current public blockchains still face structural trade-offs between speed, cost, security, and privacy. However, scenarios involving stablecoins and RWA tokenization require systems that simultaneously offer high performance, compliance, and privacy, making “verifiable privacy” a critical prerequisite for institutional adoption of on-chain finance.Hougan further stated that, for enterprises, “all transactions being publicly broadcast” is not an advantage but a potential flaw. In the future, users and institutions may find it increasingly difficult to accept a fully transparent on-chain financial environment. He believes that privacy capabilities could become the “killer app” driving the crypto industry into its next phase of mainstream adoption. Additionally, following the passage of the U.S. Genius Act in 2025, regulatory certainty has significantly increased, providing a clearer policy foundation for institutional funds to enter the crypto infrastructure space. (CoinDesk)
According to Bitwise’s official announcement, Bitwise and Superstate have jointly launched the Bitwise Crypto Carry Fund (ticker: USCC), Bitwise’s first tokenized fund. The fund generates returns for investors by capturing the basis between spot and futures prices of BTC, ETH, XRP, and SOL—the so-called “cash-and-carry” strategy. As of April 30, 2026, its assets under management (AUM) exceeded $267 million. Effective June 1, 2026, Superstate will formally transfer management of the fund to Bitwise. During the transition period, existing investors will be unaffected. The fund’s name will be updated to the Bitwise Crypto Carry Fund, while its ticker symbol (USCC), smart contract, and token address will remain unchanged. Superstate will continue to provide on-chain infrastructure support via its FundOS platform, including tokenized issuance and digital transfer agency services.
Odaily reports, according to Bloomberg ETF analyst James Seyffart, the first batch of prediction market ETFs in the United States could launch next week. Roundhill has submitted updated documents to the U.S. Securities and Exchange Commission, aiming to activate six prediction market ETFs on May 5. The products will be designed around event contracts related to the U.S. presidential and congressional elections.Additionally, similar products submitted by GraniteShares and Bitwise may also be launched around the same time. James Seyffart believes this reflects a growing trend of combining event contracts with ETF products. (The Block)
According to Bloomberg ETF analyst Eric Balchunas, Bitwise has updated its Hyperliquid ETF application filing again; the proposed ticker symbol is BHYP, with an expense ratio of 67 basis points (0.67%). He noted that such updates typically signal an imminent official launch.