21Shares Hyperliquid ETF Debuts with Strong Trading Volume
- The first Hyperliquid ETF, created by crypto asset manager 21Shares, began trading under the ticker $THYP on Nasdaq.
- Approved by the US Securities and Exchange Commission (SEC), the fund achieved $1.8 million in trading volume on its first day.
- The management fee for the fund is set at 0.3%, compared to Morgan Stanley’s spot Bitcoin ETF’s lowest fee of 0.14%.
- Net inflows for the Hyperliquid ETF reached $1.2 million on launch day, indicating initial investor interest.
- Hyperliquid’s native token, HYPE, experienced a decline of 3.5%, testing support at the $40 level amid broader market uncertainty.
The launch of the Hyperliquid ETF marks a significant step for DeFi products in regulated markets, with strong initial trading volumes suggesting healthy investor interest despite market fluctuations affecting its native token HYPE.
