Bitwise Asset Management, a company specializing in cryptocurrency asset management, has taken an important step toward launching a new exchange-traded fund (ETF), focused on hyperliquidity ($HYPE).

According to updated documents submitted to the U.S. Securities and Exchange Commission (SEC), the company has made a second amendment to Form S-1 regarding the “Bitwise Hyperliquid ETF.”

Bloomberg ETF analyst Eric Balchunas stated that this information indicates an imminent ETF launch. Balchunas added that the ETF will trade under the ticker “BHYP” and will have an annual management fee of 0.67% (67 basis points). According to the experienced analyst, clarifying such details is usually considered a sign of an upcoming product launch.