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21Shares Launches Hyperliquid ETF (THYP) with $1.8M First-Day Trading Volume

GateNews

2026-05-13 04:16:03

According to The Block, 21Shares’ Hyperliquid ETF (THYP) launched on Tuesday with $1.8 million in first-day trading volume. Bloomberg ETF analyst James Seyffart described the performance as “very solid, far better than typical ETF debuts.” THYP is the first spot ETF tracking Hyperliquid (HYPE), allowing investors to gain HYPE token exposure without directly holding the asset.

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