Key Takeaways:
Bitwise is set to launch a US exchange-traded fund for the decentralized trading network Hyperliquid, a first for the DeFi sector.
The firm announced on April 11, 2026, that it is preparing the launch of the new investment vehicle, according to the initial event fingerprint.
The proposed ETF is designed to provide investors with a regulated way to gain exposure to the Hyperliquid protocol, a decentralized exchange on the Arbitrum layer-2 network. This could significantly increase the accessibility and mainstream adoption of the platform.
This ETF could drive substantial liquidity to Hyperliquid and increase demand for any native token. More broadly, it may set a precedent for other ETFs based on DeFi protocols, potentially boosting the entire sector and creating a new bridge between traditional finance and decentralized applications.
The launch of a dedicated ETF for a DeFi protocol like Hyperliquid by a major issuer such as Bitwise represents a significant step in the maturation of the digital asset market. While Bitcoin and Ethereum ETFs have broken records, this filing moves beyond simple asset exposure to offering access to the returns and activity of a specific decentralized application.
Success for the Bitwise Hyperliquid ETF could pave the way for similar products tracking other leading DeFi protocols like Uniswap, Aave, or even entire sectors such as liquid staking or decentralized perpetuals. The move is seen as bullish not just for Hyperliquid but for the broader DeFi and Arbitrum ecosystems, as it provides a new on-ramp for capital that previously remained on the sidelines.
This article is for informational purposes only and does not constitute investment advice.
