21Shares Advances Hyperliquid Spot ETF with THYP Ticker, Targets Nasdaq

21Shares has updated its S-1 prospectus with the SEC for a Hyperliquid spot ETF, now carrying the ticker THYP and targeting a Nasdaq listing. The trust is a passive vehicle designed to track HYPE token performance directly. Bloomberg ETF analyst James Seyffart flagged the update, which marks continued progress toward what would be one of the first spot ETFs for a perpetual DEX token. 21Shares joins Bitwise in pursuing HYPE exposure products, signaling growing institutional appetite for DeFi-native assets beyond BTC and ETH.

TLDR by @Benthic

More coverage

• THYP | 21shares Hyperliquid ETF (21shares.com)
• 21Shares Hyperliquid ETF THYP ETF Stock Price, Quote ... - Webull (webull.com)
• SPAQ - Listed Funds Trust | News | OTC Markets (otcmarkets.com)
• filed - SEC.gov (sec.gov)
• The 21shares Hyperliquid ETF ( $THYP ) is coming May 12, 2026 ... (x.com)

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• ETF
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• Hyperliquid