21Shares Files for Hyperliquid ETF with SEC, Expanding Crypto Investment Options
21Shares has taken a significant step toward bringing decentralized finance to mainstream markets with its S-1 filing for a Hyperliquid ETF. The proposed fund would track the HYPE token's performance while bypassing direct ownership complexities—a structure mirroring the platform's on-chain derivatives market through regulated instruments.
The October 29 submission coincides with record inflows into crypto ETFs, with U.S. spot Bitcoin and ethereum products collectively absorbing $4.57 billion this month. Hyperliquid's growth as a perpetual DEX leader appears poised for acceleration through this institutional conduit.
Derivative strategies including swaps and options will replicate Hyperliquid's fee mechanisms under SEC oversight. This move follows 21Shares' recent Leveraged ETF filing, signaling aggressive product expansion during a period of unprecedented institutional demand for crypto exposure.
