21Shares Applies for Hyperliquid ETF as New Crypto Funds Hit Market
Exchange-traded fund issuer 21Shares has applied for an exchange-traded fund tracking the token of the Hyperliquid decentralized exchange, according to a U.S. Securities and Exchange Commission filing on Wednesday.
The 21Shares Hyperliquid ETF would potentially become the second HYPE-focused ETF to trade on U.S. exchanges, following a proposal by Bitwise in September. The 21Shares product would use America’s largest crypto exchange by trading volume, Coinbase, and digital asset trust company BitGo as custodians for its holdings.
The filing comes as the Securities and Exchange Commission mulls over more than 90 applications for crypto-focused ETFs, covering a range of altcoins, including Solana, Cardano, XRP and Dogecoin, and…
