When it appears that Bandai had stopped working with Monster Hunter for their SHM lineup, they made another entry and this one is for Bubble Fox Mizutsune from Monster Hunter Generations! SHM Mizutsune is scheduled for February 2023 release with price tag of 13500 Yen, a significant increase from the previous entries probably due to weakening yen combined with the product size.
For the effect parts, SHM Mizutsune is more well equipped compared to SHM Mizutsune as it comes with its bubblefoam and waterjet part effect. In MHGens is one of the Elite 4 Wyverns representing water element possessing unusual agility due to the bubblefoams excreted from its body parts. This Fox wyvern prefers to trap its opponent with Bubblefoam first before delivering powerful blows with its tails. I suppose Bandai picked Mizutsune due to its close Japanese Aesthetics and a safer choice for Bandai to resume the lineup before continuing with the heavy duty characters like Deviljho or Rajang. Out of the Elite 4 wyverns, Glavenus had one of the best chance to be next compared to Astalos or Gammoth.