Summary
- 21Shares submitted registration documents to the U.S. SEC for listing a Hyperliquid ETF.
- HYPE token is currently the 16th largest cryptocurrency by market capitalization and is a Layer-1 blockchain dedicated to decentralized finance.
- It reported that ETFs backed by Solana, Litecoin, and Hedera have recently been launched.
Global cryptocurrency exchange-traded product (ETP) manager 21Shares has submitted registration documents for listing the Hyperliquid (HYPE) exchange-traded fund (ETF).
On the 29th (local time), The Block reported that 21Shares submitted Hyperliquid ETF registration documents to the U.S. Securities and Exchange Commission (SEC). The ticker has not yet been determined.
This application follows the 'Bitwise Hyperliquid ETF' proposal submitted by Bitwise in September, and the HYPE token is currently ranked as the 16th largest cryptocurrency in the world by market capitalization. HYPE is a Layer-1 blockchain dedicated to decentralized finance (DeFi), focusing on fast transaction processing and liquidity optimization.
Meanwhile this week, major asset managers such as Grayscale, Bitwise, and Canary Capital have launched ETFs backed by assets including Solana (SOL), Litecoin (LTC), and Hedera (HBAR).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
