#ETF与衍生品 Seeing the news that Bitwise has submitted a revision for the Hyperliquid ETF, I am incredibly excited! What does this signify? After spot ETFs, the derivatives ecosystem is also moving into the mainstream view.

Think about it— from BTC spot ETFs to Ethereum spot ETFs, and now to derivatives track ETFs, this progression clearly shows that traditional finance is gradually embracing all dimensions of the crypto ecosystem. The 0.67% fee rate is also quite competitive, meaning institutional investors now have a cheaper and more convenient way to participate in high-performance trading ecosystems.

Hyperliquid, as a star in decentralized derivatives, represents the future direction of DeFi—efficient, transparent, and trustless without intermediaries. When financial products from such protocols can reach a broader range of investors through formal channels like ETFs, the entire industry’s liquidity and recognition will experience a qualitative leap.

This is not just about product launches; it’s a milestone in the gradual integration of decentralized finance into traditional financial systems. The maturity of the derivatives ecosystem is increasing, and the barriers to participation are lowering—this is how Web3 changes the world, gradually seeping in and ultimately achieving true financial democratization.