Back

21Shares Launches Hyperliquid ETF on Nasdaq With Spot HYPE Exposure

According to 21Shares, the firm has now launched the first U.S.-listed ETFs tied to Hyperliquid’s HYPE token, adding both a staking-linked spot product and a leveraged fund to the market.

HYPE

Fact Check
The claim is directly confirmed by the official 21Shares US X post (x.com/21shares_us/status/2053939273611509834), which explicitly states the 21Shares Hyperliquid ETF (THYP) is launching May 12, 2026, and includes the exact risk disclosures cited in the claim (not a direct investment in HYPE, significant risk). This is corroborated by CryptoBriefing, PANews, and TokenPost, all of which independently report the same ticker, date, and Nasdaq listing. No conflicting evidence was found.
Summary

21Shares said it has launched the first U.S.-listed exchange-traded funds tied to Hyperliquid’s HYPE token, expanding beyond the previously reported THYP product to include both a spot fund with staking exposure and a leveraged ETF linked to the decentralized derivatives platform. This adds a significant new development to earlier reporting centered on THYP’s Nasdaq debut, first-day trading activity, staking yield support, and 0.3% trust fee. The new information indicates 21Shares’ Hyperliquid offering now includes multiple U.S.-listed products rather than a single ETF.

Terms & Concepts
  • ETF: An exchange-traded fund is a listed investment vehicle that trades on stock exchanges and provides exposure to an underlying asset or strategy.
  • HYPE: HYPE is the token associated with the Hyperliquid ecosystem and serves as the underlying asset referenced by Hyperliquid-linked investment products.
  • staking: Staking refers to committing eligible crypto assets to a network or product structure to earn yield or rewards, depending on how the asset is used.