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Bitwise Asset Management has pulled its combined Bitcoin ($BTC) and Ethereum ($ETH) ETF filing, with the firm signaling a strategic shift toward HYPE — the native token of the Hyperliquid decentralized exchange — according to a report from Cryptonews.net.
The withdrawal marks a notable change in direction for one of the more active ETF applicants in the digital-asset space.
What Got Pulled and Why It Matters A combined spot ETF holding both $BTC and $ETH in a single wrapper would have given traditional-finance allocators a one-ticket solution to the two largest crypto assets by market cap.
Pulling the application does not mean those assets lose relevance — it means Bitwise judged that product less worth pursuing right now than whatever HYPE-adjacent offering it is building toward.
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