21shares Debuts US HYPE ETF With $1.8M Day-One Volume on Nasdaq – Bitcoin News

Hyperliquid ETF Debut Places THYP in Focus

Asset administration agency 21shares introduced on Could 12 the launch of the 21shares Hyperliquid ETF (Nasdaq: THYP), providing U.S. traders spot publicity to HYPE and built-in staking rewards. The issuer additionally launched the 21shares 2x Lengthy HYPE ETF (Nasdaq: TXXH) on the identical day as a leveraged companion product.

First-day buying and selling particulars posted on X by 21shares US confirmed THYP recorded $1.8 million in buying and selling quantity and about $1.2 million in web inflows. The put up additionally listed a 0.3% administration payment and described THYP as having the bottom administration payment for a Hyperliquid ETF as of Could 12. THYP trades on Nasdaq with the ISIN US90137V1089 and a Could 4 inception date. TXXH was launched alongside THYP and carries a separate 1.89% administration payment, with an April 30 inception date.

The corporate acknowledged:

“The funds are the primary U.S. ETFs designed to offer traders with publicity to HYPE, the native token of Hyperliquid, a next-generation decentralized alternate ( DEX) that has emerged as a big liquidity hub for twenty-four/7 on-chain buying and selling infrastructure.”

Distribution schedules launched for THYP present anticipated quarterly staking reward funds starting June 30. Further payable dates are listed for Sept. 30 and Dec. 30. THYP is structured as a 33-Act spot exchange-traded product and doesn’t carry the identical investor protections as registered funds. TXXH operates as a 40-Act exchange-traded fund with further oversight necessities.

Staking Rewards and Threat Disclosures Outline THYP

Product supplies mentioned THYP could stake a part of its holdings to generate rewards. That construction introduces dangers tied to lock-up intervals, unbonding intervals and attainable slashing penalties if a validator fails to carry out or engages in misconduct. Staking rewards are paid to the belief and should not assured. THYP shares commerce at market costs as a substitute of web asset worth and should not individually redeemable straight with the fund.

Hyperliquid processes roughly $8 billion in day by day quantity and instructions greater than 50% of decentralized alternate perpetual open curiosity, primarily based on knowledge cited by 21shares. The issuer additionally cited greater than $56 million in month-to-month buying and selling charges and mentioned greater than 95% goes towards day by day open-market HYPE buybacks. Greater than 76% of tokens are allotted to the group, whereas workforce tokens are locked till 2028.

Andres Valencia, EVP, Funding Administration at 21shares, mentioned:

“Having pioneered the primary Hyperliquid exchange-traded product in Europe, we’ve seen the protocol evolve right into a de facto international liquidity hub for decentralized derivatives.”