21Shares Files for 2X HYPE ETF with the US SEC
21Shares has submitted an application to the U.S. Securities and Exchange Commission for a 2X leveraged ETF tied to the Hyperliquid Index, a decentralized platform. The proposed fund aims to deliver double the daily returns of the index using derivatives rather than direct token custody.
The ETF WOULD reset its leverage daily, meaning extended holding periods could lead to performance divergence—particularly in volatile markets. With over $11 billion in assets under management globally, 21Shares continues expanding its product suite, including offerings on Swiss and European exchanges.
If approved, this would mark the first U.S.-listed Leveraged ETF tracking a live DeFi protocol's fee and perpetual market performance. The fund's ticker remains undisclosed, with a targeted launch date of December 20, 2025.
