First-ever Hyperliquid ETF launches, posts ‘very solid’ first day of trading: analyst
The Block
The 21Shares Hyperliquid ETF (THYP) debuted with a solid $1.8 million in initial trading volume, marking the first fund of its kind.Summary
The first-ever Hyperliquid ETF (THYP), managed by 21Shares, successfully launched with $1.8 million in first-day trading volume. Bloomberg ETF analyst James Seyffart described the debut as a "very solid day" that outperformed the average ETF launch. This new instrument allows investors to gain exposure to the HYPE token without direct ownership of the cryptocurrency. Additional firms, including Bitwise and Grayscale, are also working toward launching their own Hyperliquid-based funds in the U.S.
(Source：The Block)