**What is the event? ** Asset management giant Bitwise has submitted the second revised filing for its Hyperliquid Ethereum Layer 2 Strategy ETF to the SEC. This update clarified the fund code as $BHYP and announced a management fee of 0.67%. This is usually seen as a clear signal that the product is about to enter the final sprint stage, and may be just one step away from being officially launched.

**Why is it important? ** This will not only be the world's first ETF focusing on the Ethereum Layer 2 ecology, but also marks a new stage in the traditional financial market's recognition of the crypto track segment. It allows ordinary investors to lay out the development dividends of leading L2 networks such as Arbitrum and Optimism with one click through traditional stock accounts without directly holding complex L2 tokens, lowering the threshold for participation.

**Impact on retail investors? ** If approved, $BHYP will provide retail investors with a new, regulated crypto asset allocation tool. You can trade this ETF in your brokerage account just like you trade Apple stocks, indirectly betting on the future of the Ethereum expansion narrative. This is good news for investors who want to deploy L2 but find cross-chain, staking and other operations too troublesome.

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This article was edited by CoinRebate AI, data source: CoinTelegraph

Bitwise has revised its documents again, and $BHYP Ethereum L2 ETF is about to be released!