21Shares says Hyperliquid ETF demand shows appetite for 24/7 trading

21Shares' recently launched Hyperliquid ETF has experienced significant early success, attracting over $5 million in inflows and generating substantial trading volume shortly after its debut in the U.S. This demand, according to Eli Ndinga, global head of research at 21Shares, highlights a growing investor appetite for 24/7 trading capabilities across multiple markets, including crypto, oil, silver, and gold. The ETF's strategy is designed to leverage the Hyperliquid platform, which offers round-the-clock access to these assets, a feature traditional exchanges cannot currently provide. Ndinga noted that the platform's utility was demonstrated during geopolitical events when investors used it for trading after traditional markets closed. The market for such ETFs is becoming competitive, with Bitwise launching a similar product. 21Shares differentiates itself through its experience with staking-enabled products and a transparent approach using third-party providers. The company views Hyperliquid as more than just a crypto product, but a broader financial innovation enabling sentiment gauging across asset classes and pre-IPO token activity. However, regulatory uncertainty and competition remain key risks, though proposed legislation could eventually offer clearer rules for decentralized trading platforms.

(Source：CoinDesk)