21Shares Seeks SEC Approval for Hyperliquid ETF Amid Surging Altcoin ETF Interest
Asset supervisor 21Shares has filed with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) monitoring Hyperliquid’s native token, HYPE.
The new submitting joins a rising wave of altcoin ETF purposes in 2025, displaying the rising institutional demand for regulated cryptocurrency publicity.
21Shares Expands Crypto ETF Lineup With New Hyperliquid Fund
21Shares submitted its S-1 registration assertion for the 21Shares Hyperliquid ETF on October 29. The ETF is designed to trace HYPE’s worth with out partaking in speculative buying and selling or utilizing leverage or derivatives.
“The Trust is a passive funding automobile that doesn’t search to generate returns past monitoring the worth of HYPE tokens , the native digital asset of the Hyperliquid blockchain community,” the S-1 reads.
According to the submitting, CSC Delaware Trust Company will act as trustee. At the identical time, Coinbase Custody and BitGo Trust Company will function custodians, managing the safe storage of the fund’s digital belongings.
21Shares added that it could additionally discover staking a portion of its HYPE holdings to generate rewards, both immediately or by way of third-party suppliers, however provided that such exercise complies with authorized and tax necessities.
“While the Trust might stake a most of 100% of its HYPE holdings, the quantity of HYPE that continues to be unstaked is decided based mostly on the Trust’s Utilization Rate evaluation, and accordingly might differ every now and then. Based on Utilization Rate evaluation utilized to historic knowledge, the Trust usually intends to stake between 70% and 90% of the HYPE it holds,” the asset supervisor added.
Details concerning the change itemizing and the pricing benchmark that may monitor HYPE’s market efficiency haven’t but been disclosed.
21Shares joins Bitwise, which had filed for an analogous ETF final month. VanEck has additionally hinted at plans to launch a HYPE ETF in each the US and Europe, presumably together with staking.
Altcoin ETFs See Strong Market Demand
The newest submitting arrives towards a backdrop of unprecedented demand for altcoin products. The SEC is reviewing over 150 such purposes as of late October. Notably, traders’ enthusiasm for altcoin ETFs was evident on this week’s debuts.
On October 28, Bitwise’s Solana ETF (BSOL) launched. On its first day, the product saw $56 million in buying and selling quantity, the strongest amongst over 850 new ETFs in 2025. This was adopted by $72 million on October 29, signaling sustained curiosity.
Canary Capital’s Hedera ETF (HBR) and Litecoin ETF (LTCC) also debuted on October 28. HBR posted $8 million in day-one quantity whereas LTCC noticed $1 million. Both funds maintained comparable buying and selling ranges on day two.
“HBR and LTCC did about the identical as their Day One ($8 million and $1 million respectively), which remains to be robust (most ETFs drop after day one hype is over),” Bloomberg’s senior ETF analyst Eric Balchunas acknowledged.
This surge in ETF filings and launches marks a maturing market the place regulated crypto merchandise entice rising consideration. With main issuers increasing past Bitcoin and Ethereum, investor demand is clearly shifting towards broader publicity to rising blockchain ecosystems.
The publish 21Shares Seeks SEC Approval for Hyperliquid ETF Amid Surging Altcoin ETF Interest appeared first on BeInCrypto.
