{"id":97062,"date":"2026-05-13T14:02:11","date_gmt":"2026-05-13T11:02:11","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=97062"},"modified":"2026-05-13T14:05:17","modified_gmt":"2026-05-13T11:05:17","slug":"21shares-launches-first-hyperliquid-based-etf","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/21shares-launches-first-hyperliquid-based-etf\/","title":{"rendered":"21Shares Launches First Hyperliquid-Based ETF"},"content":{"rendered":"<p>21Shares has <a href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/05\/12\/3293005\/0\/en\/21shares-launches-thyp-and-txxh-the-first-u-s-etfs-tracking-hyperliquid.html\">introduced<\/a> an exchange-traded fund on Nasdaq under the ticker THYP, offering access to the native token of <a href=\"https:\/\/u1f987.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a> without direct asset purchase and includes staking rewards distribution.<\/p>\n<p>Simultaneously, the company unveiled a leveraged fund, the 2x Long HYPE ETF (TXXH).<\/p>\n<p>On its first trading day, THYP saw a trading volume of $1.8 million. Bloomberg analyst James Seyffart described this as &#8220;very solid&#8221; for a niche product.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Okay, <a href=\"https:\/\/twitter.com\/search?q=%24THYP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$THYP<\/a> finished the day at $1.8 million in trading. Very very solid day and better than your average ETF launch for sure but nothing too crazy. Expecting <a href=\"https:\/\/twitter.com\/Bitwise?ref_src=twsrc%5Etfw\">@Bitwise<\/a>&#8216;s Hyperliquid ETF to be the next launch.<\/p>\n<p>Hyperliquid <a href=\"https:\/\/t.co\/4RWzMBJT2D\">https:\/\/t.co\/4RWzMBJT2D<\/a> <a href=\"https:\/\/t.co\/fg3Nm5cV15\">pic.twitter.com\/fg3Nm5cV15<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a href=\"https:\/\/twitter.com\/JSeyff\/status\/2054311170740236640?ref_src=twsrc%5Etfw\">May 12, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For comparison, the debut spot ETFs based on <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-ripple-and-the-cryptocurrency-xrp\">XRP<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-solana-sol\">Solana<\/a> once attracted $58 million and $57 million, respectively.<\/p>\n<p>Seyffart predicts that Bitwise will be the next to launch a similar product. The company has already <a href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/04\/09\/3270667\/0\/en\/bitwise-launches-hyperliquid-staking-etp.html\">launched<\/a> a staking ETP on Hyperliquid on Germany&#8217;s Deutsche B\u00f6rse Xetra. Grayscale has also <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2107730\/000119312526163263\/hype_s-1_amendment_1.htm\">announced<\/a> plans to release an instrument based on HYPE.<\/p>\n<p>At the time of writing, the price of HYPE had fallen by 3% to $40.05.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-b8184bb17483c0ee-4271133409169889.webp\" alt=\"HYPEUSDT_2026-05-13_11-39-48\" class=\"wp-image-279918\"\/><figcaption class=\"wp-element-caption\">Hourly chart of HYPE\/USDT on Bybit exchange. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BYBIT%3AHYPEUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Bitcoin and Ethereum ETFs<\/h2>\n<p>On May 12, outflows from spot bitcoin ETFs in the US totaled $233.25 million. This negative trend resumed after a brief inflow on the previous trading day.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-f5a57e2425feda95-4271171347027611.webp\" alt=\"Screenshot 2026-05-13 133750\" class=\"wp-image-279919\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>The leader in outflows was Fidelity&#8217;s FBTC fund, which lost $86.13 million. The only fund with a positive result was Morgan Stanley&#8217;s MSBT, with an inflow of $6.02 million.\u00a0<\/p>\n<p>From US spot exchange-traded funds based on Ethereum, $130.62 million was withdrawn.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-44e7ad50a22235e9-4271211277368615.webp\" alt=\"Screenshot 2026-05-13 134652\" class=\"wp-image-279920\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Investors withdrew $102.04 million from BlackRock&#8217;s ETHA. The only fund with positive dynamics was ETHB (+$11.75 million).<\/p>\n<p>In March, investment bank Morgan Stanley, with assets of $1.9 trillion, <a href=\"https:\/\/u1f987.com\/en\/news\/morgan-stanley-seeks-approval-for-bitcoin-etf-launch\">filed<\/a> an application to launch a spot bitcoin ETF.\u00a0<\/p>\n<p>In the same month, trading began on Nasdaq for an income fund based on Ethereum from BlackRock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>21Shares has introduced an exchange-traded fund on Nasdaq under the ticker THYP, offering access to the native token of Hyperliquid without direct asset purchase.<\/p>\n","protected":false},"author":1,"featured_media":97063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"21Shares launches Nasdaq ETF for Hyperliquid token access.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1372,20,18,569,1823],"class_list":["post-97062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-21shares","tag-altcoins","tag-bitcoin","tag-etf","tag-hyperliquid"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"21Shares launches Nasdaq ETF for Hyperliquid token access.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/97062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=97062"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/97062\/revisions"}],"predecessor-version":[{"id":97064,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/97062\/revisions\/97064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/97063"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=97062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=97062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=97062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}