US Edition21Shares Files for Hype ETF Amid Robust Crypto Allure
21Shares seeks SEC approval for an ETF tracking HYPE token, which rose 34.6% in seven days, aiming to offer traditional investors crypto exposure.
- On Wednesday, 21Shares filed an S‑1 with the SEC to launch a passive ETF tracking HYPE, which increased 34.6% in the last seven days, following its acquisition agreement with FalconX.
- HYPE's rapid gains reflect more than a year of price appreciation tied to buybacks, with the Assistance Fund allocating 99% of fees to open-market purchases and holding around 34.1 million tokens worth $1.6 billion.
- 21Shares, which manages over $11 billion, is the sponsor behind the filing naming Coinbase and BitGo as custodians for a passive ETF tracking HYPE token, the eleventh largest cryptocurrency.
- Pending agency approval, the ETF's launch timeline is uncertain due to regulatory backlog as SEC approval remains pending during a U.S. government shutdown, despite Hyperliquid's $278.9 billion October volume and nearly $105.2 million fees.
- Andrew Van Aken of Artemis said the filing forces Wall Street to consider Hyperliquid's fundamentals, noting growth in tokenized stocks, prediction markets, and stablecoin revenue while FalconX aims to expand digital asset adoption.
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U.S. News21Shares files for Hype ETF amid robust crypto allure
21Shares on Wednesday filed for regulatory approval to launch a passive exchange-traded fund that would track the price of Hype token, a week after the company agreed to be acquired by digital assets trading firm FalconX. The U.S. Securities and Exchange Commission has been flooded with filings for ETFs tied
21Shares files S-1 for Hyperliquid $HYPE ETF - WorldNL Magazine
The move highlights growing efforts to connect decentralized finance and mainstream investment through regulated crypto-focused exchange-traded products. Key Takeaways 21Shares has submitted an S-1 filing to the SEC for a Hyperliquid (HYPE) ETF, expanding its crypto ETF product line. Hyperliquid is a decentralized platform specializing in crypto derivatives, using HYPE as its native token. 21Shares, a provider of crypto investment products, ha…
Hyperliquid (HYPE) Price Aims for $100 Milestone Following 21Shares Spot ETF Filing
Hyperliquid (HYPE) eyes a breakout as 21Shares submits an S-1 filing with the SEC to launch the Hyperliquid Spot ETF. The token is moving within a broadening wedge pattern forming over 150+ days on HYPE’s weekly chart. Experts forecast a potential 2X move toward $100, with strong technical and on-chain indicators. Hyperliquid (HYPE) is witnessing a downward price movement, reflecting a period of correction after recent gains. Over the past 24 ho…
21Shares Files for Hyperliquid ETF as Crypto ETF Market Expands
TLDR 21Shares has submitted an application to the SEC for a new Hyperliquid ETF. The proposed ETF will track the HYPE token which powers the Hyperliquid decentralized exchange. Coinbase and BitGo will serve as custodians for the digital assets held by the ETF. The Hyperliquid ETF would be the second HYPE-focused ETF proposal after Bitwise’s filing in September. Hyperliquid is a decentralized exchange that specializes in perpetual futures tradin…
21Shares Hyperliquid ETF Launches Amid Growing Institutional Crypto Demand
21Shares Proposes New ETF Tied to Hyperliquid Blockchain 21Shares is making significant strides in the decentralized finance (DeFi) sector with its recent proposal for an exchange-traded fund (ETF) linked to the Hyperliquid blockchain and its native token, HYPE. Key Highlights 21Shares has submitted a Form S-1 to the U.S. Securities and Exchange Commission (SEC) to […]
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