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Crypto

21Shares Hyperliquid spot ETF THYP debuts with $1.2 million net inflows on first day

21Shares launched its first exchange-traded fund based on Hyperliquid, with the product starting to trade on Nasdaq under the ticker THYP. On its first trading day, the ETF recorded $1.8 million in turnover and about $1.2 million in net inflows, Cryptopolitan reported. The fund offers exposure to HYPE without direct token ownership, and 21Shares also introduced a 2x daily leveraged ETF, TXXH.

Crypto

21Shares files second amendment for Hyperliquid spot ETF THYP

Asset manager 21Shares has moved a step further in its bid to launch a Hyperliquid spot exchange-traded fund. The firm filed a second amended S-1 registration statement with the U.S. Securities and Exchange Commission, with the filing saying the ETF is expected to trade on Nasdaq under the ticker THYP. The registration statement also details pre-listing seeding plans and a staking approach for a portion of the HYPE tokens held, while leaving the sponsor fee undisclosed.