Arkham data indicates the sale marks 21Shares’ first reduction of HYPE exposure, with the one-day transaction equaling nearly 3% of the fund’s assets under management.
21Shares has sold HYPE for the first time, offloading $1.8 million in a single day, according to Arkham. The transaction represented nearly 3% of the ETF’s assets under management, signaling a notable reduction in the product’s exposure to the token.