HYPE Price Rises As 21Shares Unveils Groundbreaking Hyperliquid ETF
BeInCrypto
21Shares is launching the THYP spot Hyperliquid ETF on Nasdaq, featuring unique built-in staking capabilities for brokerage clients.Summary
21Shares announced the upcoming launch of its spot Hyperliquid ETF, ticker THYP, on the Nasdaq exchange. Structured as a grantor trust, the fund allows for regulated exposure to the Hyperliquid network token while enabling the sponsor to stake holdings for yield. The product incorporates cold storage custody and aims to offer investors passive price exposure, though it carries significant risk due to high asset volatility. Competing firms like Bitwise and Grayscale are also preparing similar offerings.
(Source：BeInCrypto)