21Shares Launches HYPE ETF to Enhance DeFi Access
- 21Shares filed for a 2x HYPE ETF, integrating Hyperliquid’s perpetual futures system.
- The HYPE ETP was listed on the SIX Swiss Exchange, facilitating institutional access without on-chain custody.
- Initial capacity for the ETF is estimated between $500 million and $1.5 billion, depending on market liquidity.
- VanEck has also applied for a spot staking Hyperliquid ETF in the U.S., indicating growing interest in this asset class.
- Hyperliquid’s HIP-3 upgrade allows permissionless creation of perpetual markets, enhancing utility and liquidity.
The launch of the HYPE ETF marks a significant step in making decentralized finance more accessible to institutional investors, leveraging innovative structures like swaps instead of custody.
With an initial capacity potentially reaching up to $1.5 billion, this move could reshape how institutions engage with DeFi assets.(Source)
