21Shares to Launch Hyperliquid ETF on May 12, Balchunas Says

21Shares will launch an exchange-traded fund tied to Hyperliquid's HYPE token, according to Bloomberg ETF analyst Eric Balchunas.

Balchunas wrote in a May 11 post on X that the Hyperliquid ETF is scheduled to begin trading on May 12 and that its Nasdaq listing notice is already in effect.

The fund will trade under the ticker TYPE and charge a 0.30% management fee, or 30 basis points.