Phantom hits $20M in builder code revenue on Hyperliquid in under a year

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

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 […]

Tokenized AI stocks landing on Hyperliquid are opening the door to automated perp and spot strategies onchain.

Solana, Cardano and Hyperliquid led the day's losses as risk appetite cooled across digital assets.

The post Hyperliquid Gains Wall Street Momentum as Grayscale Updates HYPE ETF Proposal appeared on BitcoinEthereumNews.com. Grayscale Investments filed Amendment No. 2 to its Form S-1 registration statement with the United States Securities and Exchange Commission on May 11, 2026, to formally advance its proposed Hyperliquid ETF. Hyperliquid enters institutional stage As competition for altcoin ETF products heats up, institutional interest in Hyperliquid’s native token, HYPE, continues to grow, according to the updated filing. The proposed product, which is currently known as the Grayscale HYPE ETF, is intended to give investors direct exposure to HYPE tokens without requiring them to hold the asset themselves, according to the filing. By keeping actual HYPE tokens inside the fund structure, the trust would operate similarly to spot Ethereum and Bitcoin ETFs. You Might Also Like Ray Dalio: Bitcoin Fails as Safe Haven Can Toncoin (TON) Lose All Gains? Ethereum (ETH) $2,000 Plunge Is Pos

The post Hyperliquid: 21Shares HYPE ETF debuts as whale activity surges 272% appeared on BitcoinEthereumNews.com. The U.S. market is ready for its first spot Hyperliquid [HYPE] ETF.  The asset manager 21Shares announced that its HYPE ETF (THYP) would debut today, the 12th of May, on Nasdaq with an annual management fee of 0.30%.  Effectively, the product would allow institutions and broader Wall Street to gain exposure to the booming crypto and tokenized perps segment. The hot sector is currently dominated by Hyperliquid DEX (decentralized exchange).  Last month, Bitwise and Grayscale updated their spot HYPE ETF filing, further indicating that these two products could also hit the market soon. It remains to be seen how Wall Street will react to the altcoin.  Phantom’s Hyperliquid integration hit $20M in revenue  Separately, Hyperliquid’s integration, especially with wallets such as Phantom, has begun to bear fruit. Like Phantom and MetaMask, Rabby also uses Hyperliquid to power its in-

The integration enhances DeFi's appeal by enabling complex trading strategies and increasing equity exposure, but it also raises security and regulatory risks. The post LayerZero powers bridging of Ondo tokenized stocks to Hyperliquid appeared first on Crypto Briefing.