21Shares Plans May 12 Nasdaq Debut for Spot Hyperliquid ETF THYP

21Shares said it will list its spot Hyperliquid ETF, THYP, on Nasdaq on May 12, and HYPE traded at $42.071 as of writing. The grantor trust may stake 30%–70% of its HYPE holdings through Figment, and the sponsor can raise that share to 100%. The prospectus warns that THYP may be unsuitable for investors who cannot afford a total loss and cites annualized HYPE volatility above 126%.

HYPE-2.74%
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