I just saw interesting news about CoinShares launching an ETP staking for Hyperliquid. This is quite significant for the European market, especially for investors who want regular access to HYPE but don't want the hassle of technical setup.

So here's the story—Hyperliquid has become a major player in the decentralized perpetual futures space. Now with this ETP (ticker LIQD on Xetra), investors can hold HYPE while earning staking rewards without managing private keys or setting up validator nodes themselves. This is a pretty smart bridge between DeFi and traditional financial infrastructure.

What’s interesting is the management fee is zero percent. This isn’t a coincidence—CoinShares can basically cover operational costs from the staking rewards generated. So long-term investors essentially get all the benefits without any fee deductions. The estimated staking yield is around 0.5% per year, and these rewards are directly accumulated in the coin rights product.

From a technical perspective, this ETP is 100% physically backed by the original HYPE tokens stored in an institutional custodian. Unlike on-chain staking—there’s no unbonding period that locks up funds. It can be bought and sold during regular trading hours, making it much more liquid.

The current price of HYPE is $42.42. From a market perspective, this signals strong confidence that asset managers are serious about due diligence on Hyperliquid—from code, liquidity, to long-term sustainability. The “defensive” characteristic of HYPE (connected to trading fee revenue) also makes this token an attractive potential diversifier in a crypto portfolio.

For those looking to diversify digital assets but prefer to stay within traditional investment ecosystems—this ETP is worth considering. It combines regular access, cost efficiency, and exposure to quality DeFi protocols. Especially for European investors, this is a meaningful step forward in integrating crypto into the mainstream financial system.