21Shares announces launch of Hyperliquid ETF (THYP). The ETF is not registered under the Investment Company Act of 1940 and carries significant risk and volatility.

21Shares announced the launch of the 21Shares Hyperliquid ETF (THYP), a U.S.-listed product designed to give investors spot exposure to HYPE, the native token of the Hyperliquid network, with staking rewards integrated into the fund structure. The company said THYP began trading on May 12, 2026 on Nasdaq, and its product page lists it as a digital asset ETF with a 0.30% management fee and initial net assets of about $67.1 million.

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• ETF
• 21Shares
• Launch
• Hyperliquid