21Shares launches Hyperliquid ETF on NASDAQ tomorrow

While called a "very solid day" by analysts, the $1.8M volume sits well below other recent ETF launches, such as Morgan Stanley's.

21Shares has launched the first U.S.-listed exchange-traded funds tied to Hyperliquid’s HYPE token, introducing both a spot product with staking exposure and a leveraged fund tied to the decentralized derivatives platform. According to a statement shared with crypto.news, the new…

Hyperliquid has been one of the most compelling stories in crypto since its launch in November 2024. While most new protocols struggled to find product-market fit in a difficult market environment, Hyperliquid built genuine traction — attracting traders, volume, and institutional attention at a pace that few anticipated. The project’s native token HYPE became one of the cycle’s standout performers. And the platform itself established a reputation as the most serious challenger to centralized exchange dominance in the perpetuals market. Related Reading: Altcoin CEX Volume Ratio Hasn’t Looked Like This Since The 2021 Bull Run: Capital Rotation Or Bear Market Rally? That trajectory has now reached a milestone that would have seemed ambitious even a year ago. 21Shares US has announced that the 21Shares Hyperliquid ETF — trading under the ticker THYP — launches on May 12, 2026. The announcement is brief and direct: “See you tomorrow.” For a project that launched just eighteen months ago, re

DeFi mobile platform Legend has announced plans to shut down after nearly two years of operation, adding another closure to a growing list of crypto applications struggling to remain viable. According to a statement shared Tuesday by Legend co-founder and…

“The product that wins isn’t the one that explains crypto better, it’s the one that hides it completely,” said CEO Jayson Hobby.

21Shares’ Hyperliquid ETF debuted in the US to a “very solid day” of trading, despite volumes being below comparatively buzzy crypto ETF debuts.

21shares launched THYP to give U.S. investors spot exposure to HYPE with integrated staking rewards. The ETF recorded $1.8 million in first-day trading volume, while a leveraged companion product also entered the market. Hyperliquid ETF Debut Puts THYP in Focus Asset management firm 21shares announced on May 12 the launch of the 21shares Hyperliquid ETF […]

The post First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details appeared on BitcoinEthereumNews.com. The first Hyperliquid ETF officially began trading on Tuesday, and early signs suggest it cleared a key hurdle for a new product: a strong first day relative to typical exchange-traded product launches.  The fund was approved by the US Securities and Exchange Commission (SEC) and was created by crypto asset manager 21Shares, with the ETF now trading under the ticker $THYP on the Nasdaq. Hyperliquid ETF Launch Recap Bloomberg analyst James Seyffart weighed in on the debut Hyperliquid ETF debut, offering what amounted to a clear-but-cautious read on the numbers. In a Tuesday post on X, Seyffart said $THYP finished the day at $1.8 million in trading, describing it as “very very solid” and stronger than an average ETF launch—though not in a category that he would label as extraordinary.  Alongside the trading activity, 21Shares also shared key launch disclosures. The firm set t