21Shares, a crypto asset manager in the US, has launched its first Hyperliquid ETF on Nasdaq. The fund attracted net flows of $1.2m and saw $1.8m in trading volumes.
“Very very solid day and better than your average ETF launch for sure but nothing too crazy,” Bloomberg analyst James Seyffart said The ETF’s first trading day ended on Tuesday.
The trading volume of 21Shares’ Hyperliquid ETF was much lower than that of other crypto-focused ETFs. Bitwise Solana Staking ETF Canary XRP ETF (XRPC), whose debut brought in $58 Million on November 1, attracted $56 millions in its inaugural day.
THYP aims to track spot prices of Hyperliquid (HYPE), which is linked to the platform for perpetual futures of the same title that has facilitated more than $8.4 trillion Since the launch in 2023, trading volumes have increased.
Source: 21Shares
As the number of alternative coins packaged and offered on Wall Street continues to grow, 21Shares’ Hyperliquid ETF joins them. Securities and Exchange Commission Has loosened their grip on Crypto ETFs.
In September the SEC decided to move away from reviewing spot crypto ETFs on a case by case basis in favor of reviewing them as if they were regulated. “generic listing standards,” Making approval of crypto ETFs simpler
Seyffart believes that Bitwise Hyperliquid Staking (BHYP), the next ETF to be approved by SEC, will launch before THYP.
Grayscale has also been waiting for the SEC to make a decision about its Grayscale ETF HYPE (GHYP).
Related: Trader loses $3M as leveraged Fartcoin position unwinds on Hyperliquid
THYP has a management fee of 0.3%, which is much lower than Bitwise’s proposed fee of 0.67% for Hyperliquid ETF. Grayscale still hasn’t set its ETF fee.
Seyffart forecasted that in December many crypto-exchange traded products would be available would be liquidated Due to lack of demand, the number of e-bikes will decrease by 2027.
The comments he made came just before a Bloomberg report The month of April is a time when many people are looking forward to the arrival of spring. found It is estimated that ETFs will have a lifespan ranging from 3.5 to 4.5 years, down from the 4.66 year average in 2024.
A number of crypto-related ETFs, but not many others, have been liquidated in the first couple of months of 2026.
Magazine: Solana vs Ethereum ETFs, Facebook’s influence on Bitwise: Hunter Horsley
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Source: cointelegraph.com
