21Shares to launch HYPE ETF tomorrow as Hyperliquid gains Wall Street access
Crypto Briefing
21Shares is set to launch the THYP ETF on Nasdaq, providing institutional exposure to the Hyperliquid ecosystem.Summary
21Shares has announced the launch of its Hyperliquid ETF (ticker: THYP) on May 12, 2026, on the Nasdaq. The fund tracks the FTSE Hyperliquid Index and may incorporate staking rewards through its provider, Figment. Custodial services will be managed by Anchorage Digital Bank and BitGo Bank & Trust. This move signifies growing institutional interest in altcoin-based investment products as Hyperliquid establishes itself as a leading decentralized perpetual futures venue with significant trading volume and total value locked. The launch faces competition from other issuers like Bitwise and Grayscale, who have also filed for similar HYPE-linked products.
(Source：Crypto Briefing)