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21Shares Files S-1 Registration for Hypeliquid ETF with U.S. SEC

21Shares Files S-1 Registration for Hypeliquid ETF with U.S. SEC

According to its SEC S-1 filing, 21Shares’ proposed ETF will passively track the HYPE token’s USD performance and staking yield without leverage or derivatives.

HYPE

Summary

According to its official SEC filing, 21Shares US LLC has submitted an S-1 registration for the Hypeliquid ETF. The proposed ETF will passively track the HYPE token’s USD performance and staking yield after fees, without using leverage or derivatives, and will be structured as a Delaware statutory trust. Custodial responsibilities will be handled by Coinbase Custody and BitGo Trust. SEC approval is required before any public offering.

Terms & Concepts
  • S-1 Registration Statement: A filing with the U.S. SEC required for companies seeking to offer securities publicly, detailing financials and business operations.
  • Exchange-Traded Fund (ETF): An investment fund traded on stock exchanges that holds assets such as stocks, commodities, or cryptocurrencies.
  • Custodian: A financial institution responsible for safeguarding a fund’s assets, which in crypto can include secure storage of digital tokens.