Hyperliquid Surges 23% as Bitwise Launches BHYP, ICE and CME Pressure CFTC
Tech Hyperliquid Surges 23% as Bitwise Launches BHYP, ICE and CME Pressure CFTC The decentralized exchange Hyperliquid is at the center of a regulatory clash after Intercontinental Exchange and CME Group reportedly urged the Commodity Futures Trading Commission to address concerns about market integrity on the platform. The Hyperliquid Policy Center publicly dismissed those objections on Friday, arguing the protocols open transaction record makes it hostile territory for insider trading or price manipulation. Singapore-based and operating without native know-your-customer requirements, the platform has generated $21.51 billion in notional Brent crude perpetual futures volume as energy-market volatility intensifies following the Iran conflict. The DEX continues to restrict users in the United States and Ontario. Asset manager Bitwise launched a US-listed investment vehicle tied to Hyperliquid on Friday, expanding institutional access to the HYPE token through a fund trading on the New York Stock Exchange under the ticker BHYP. The product offers spot exposure to HYPE while staking a portion of its holdings through Bitwises in-house staking division. The sponsor fee is set at 0.34%, with a full waiver on the first $500 million in assets during its inaugural month. Hyperliquid, a derivatives-focused layer 1 blockchain, processed roughly $2.9 trillion in trading volume in 2025









