21Shares files for Hyperliquid ETF following wave of crypto fund launches
21Shares filed for a registration statement for a new exchange-traded fund tracking the HYPE token.Summary
21Shares, a major exchange-traded product manager, has submitted a Form S-1 registration statement to the SEC for the 21Shares Hyperliquid ETF, which will track the performance of the Hyperliquid HYPE token. This filing follows a recent trend of crypto fund launches, including Bitwise's earlier proposal for a Hyperliquid ETF in September. HYPE is the 16th largest crypto by market capitalization and functions as a Layer 1 blockchain for decentralized finance applications. This development occurs amidst other recent ETF debuts for assets like Solana and Litecoin, and follows regulatory moves by the SEC that have streamlined the listing process for crypto ETFs, even amid a government shutdown.
Furthermore, 21Shares is reportedly set to be acquired by prime broker FalconX, a move intended to merge 21Shares' ETP expertise with FalconX's infrastructure to launch more complex, derivative-focused crypto funds.
(Source：The Block)