{"id":3074,"date":"2026-05-13T21:35:33","date_gmt":"2026-05-13T21:35:33","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3074"},"modified":"2026-05-13T21:35:33","modified_gmt":"2026-05-13T21:35:33","slug":"21shares-hyperliquid-etf-records-1-8-million-trading-volume-on-debut","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/13\/21shares-hyperliquid-etf-records-1-8-million-trading-volume-on-debut\/","title":{"rendered":"21Shares Hyperliquid ETF Records $1.8 Million Trading Volume on Debut"},"content":{"rendered":"\n
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21Shares officially launched the first U.S. spot ETF tied to Hyperliquid on the Nasdaq on May 12, 2026.<\/p>\n\n\n\n

Trading under the ticker THYP, the fund generated approximately $1.8 million in first day trading volume while attracting around $1.2 million in net inflows.<\/p>\n\n\n\n

21Shares Introduces Physically Backed Hyperliquid ETF<\/strong><\/p>\n\n\n\n

21Shares announced the launch through posts shared yesterday, explaining that THYP is physically backed by HYPE tokens and also has the ability to stake part of its holdings.<\/p>\n\n\n\n

The company stated that the ETF carries a 0.30 percent management fee, which it described as the lowest available fee for a Hyperliquid ETF as of May 12.<\/p>\n\n\n\n

James Seyffart monitored the ETF\u2019s trading activity throughout the session. Roughly two and a half hours after the market opened, he reported that THYP had already generated close to $750,000 in trading volume.<\/p>\n\n\n\n

Meanwhile, Nate Geraci pointed out that a leveraged 2x version of the product was also available.<\/p>\n\n\n\n

By the close of trading, Seyffart described the ETF\u2019s $1.8 million debut volume as a very solid start for a newly launched fund, although he noted that the numbers were not exceptionally large compared to some recent ETF launches.<\/p>\n\n\n\n

For perspective, Bitwise Asset Management\u2019s Solana staking ETF, BSOL, generated $56 million in trading volume on its first day after launching in October 2025, making it one of the strongest ETF debuts of that year.<\/p>\n\n\n\n

More recently, Morgan Stanley\u2019s bitcoin ETF, MSBT, recorded approximately $34 million in first day volume when it launched in April 2026. Compared to those figures, THYP\u2019s debut was considerably smaller, although analysts noted that Hyperliquid remains a far smaller and less broadly adopted asset than bitcoin or solana.<\/p>\n\n\n\n

ETF Offers Exposure to HYPE Without Direct Ownership<\/strong><\/p>\n\n\n\n

The THYP ETF allows traditional investors to gain exposure to HYPE through standard brokerage accounts without directly holding the cryptocurrency itself.<\/p>\n\n\n\n

However, 21Shares repeatedly emphasized in its prospectus and promotional materials that the ETF should not be viewed as a direct investment in HYPE and warned investors about the heightened volatility associated with the asset.<\/p>\n\n\n\n

The firm also highlighted additional risks linked to staking activities, including validator performance issues, potential slashing penalties, and temporary lock up periods.<\/p>\n\n\n\n

The launch comes amid growing interest in altcoin focused ETFs and follows a stronger period for crypto investment products overall. In April 2026, spot Bitcoin exchange-traded fund products attracted nearly $2 billion in inflows, reversing several months of net outflows and pushing year to date flows back into positive territory.<\/p>\n\n\n\n

At the time of writing, HYPE was trading near $40, down roughly 2 percent over the previous 24 hours and about 9 percent over the past week. The token also remains approximately 32 percent below its all time high of $59.30 reached in September 2025.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

21Shares officially launched the first U.S. spot ETF tied to Hyperliquid on the Nasdaq on May 12, 2026. Trading under the ticker THYP, the fund generated...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3074","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3074"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3074\/revisions"}],"predecessor-version":[{"id":3076,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3074\/revisions\/3076"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}