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Techub News reports that, according to CryptoBriefing, 21Shares announced the launch of the Hyperliquid ETF (THYP) on May 12, aiming to list on NASDAQ and track the FTSE Hyperliquid Index. The fund is custodied by Anchorage Digital and BitGo, with BNY Mellon serving as administrator and cash custodian. The fund plans to pledge 30% to 70% of its HYPE holdings, depending on liquidity needs and market conditions. Currently, Bitwise and Grayscale are also applying to launch similar Hyperliquid ETF products.