The world's first Hyperliquid ETF is listed!
First-day trading volume reached $1.8 million, performing very steadily.

21Shares launches the first Hyperliquid ETF, with a solid trading volume of $1.8 million on its first day. Investors can directly participate in the HYPE market trend, with plans from Bitwise and Grayscale to issue.

The cryptocurrency market reaches a new milestone! Asset management giant 21Shares launched the world’s first Hyperliquid ETF on Tuesday, with an impressive trading volume on its debut day.

Through this fund called “21Shares Hyperliquid ETF (THYP),” investors can easily participate in the market trend of the Hyperliquid native token HYPE without dealing with complicated crypto wallets.

Bloomberg ETF analyst James Seyffart gave positive praise for the fund’s first-day performance. He pointed out:

THYP closed its first day with a trading volume of $1.8 million. This is a very, very solid start, performing much better than the debut day of typical traditional ETFs. While it hasn’t sparked market frenzy, it’s already quite respectable.

Image source: X/@JSeyff

Compared to the first-day results of previous heavyweight “competitive coin” ETFs, the XRP spot ETF launched in November last year had a first-day trading volume of $58 million; while Bitwise’s first Solana (SOL) ETF followed closely with $57 million.

Although THYP’s trading volume still cannot match these “established coins,” considering Hyperliquid’s uniqueness as an emerging infrastructure, $1.8 million already demonstrates its appeal among institutional investors.

Looking ahead, James Seyffart expects the next approved ETF to be Bitwise’s Hyperliquid ETF. In fact, Bitwise is the first company in the U.S. to apply for an HYPE fund. Just last month, Bitwise submitted a second amendment to its proposed HYPE spot ETF prospectus, finalizing details with trading counterparties and operational specifics.

Additionally, Bitwise has been expanding globally, having previously launched a European Hyperliquid collateralized ETP on the Deutsche Börse Xetra in Germany. Meanwhile, crypto trust giant Grayscale is also seeking to launch an HYPE fund.

According to CoinGecko data, Hyperliquid (HYPE) is currently trading at $40.41, down 2% in the past 24 hours.

• This article is reprinted with permission from: “BlockBeats”
• Original title: “The World’s First Hyperliquid ETF Officially Listed! Bloomberg Analyst: First Day Trading Performance ‘Quite Solid’”
• Original author: Block Sister MEL