21Shares’ HYPE ETF Filing Adds to Altcoin ETF Momentum
The post 21Shares’ HYPE ETF Filing Adds to Altcoin ETF Momentum appeared on BitcoinEthereumNews.com.
Asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking Hyperliquid’s native token, HYPE. The new filing joins a growing wave of altcoin ETF applications in 2025, showing the increasing institutional demand for regulated cryptocurrency exposure. Sponsored Sponsored 21Shares Expands Crypto ETF Lineup With New Hyperliquid Fund 21Shares submitted its S-1 registration statement for the 21Shares Hyperliquid ETF on October 29. The ETF is designed to track HYPE’s price without engaging in speculative trading or using leverage or derivatives. “The Trust is a passive investment vehicle that does not seek to generate returns beyond tracking the price of HYPE tokens , the native digital asset of the Hyperliquid blockchain network,” the S-1 reads. According to the filing, CSC Delaware Trust Company will act as trustee. At the same time, Coinbase Custody and BitGo Trust Company will serve as custodians, managing the secure storage of the fund’s digital assets. 21Shares added that it may also explore staking a portion of its HYPE holdings to generate rewards, either directly or through third-party providers, but only if such activity complies with legal and tax requirements. “While the Trust may stake a maximum of 100% of its HYPE holdings, the amount of HYPE that remains unstaked is determined based on the Trust’s Utilization Rate analysis, and accordingly may vary from time to time. Based on Utilization Rate analysis applied to historical data, the Trust generally intends to stake between 70% and 90% of the HYPE it holds,” the asset manager added. Details regarding the exchange listing and the pricing benchmark that will track HYPE’s market performance have not yet been disclosed. Sponsored Sponsored 21Shares joins Bitwise, which had filed for a similar ETF last month. VanEck has also hinted at plans to launch a…
