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Key Takeaways: Bitcoin remains dominant, but that ETF demand has become more selective toward the lowest-cost products. Hyperliquid ETFs show that investors still reward differentiated use cases, flexibility, and credible growth narratives.
As Bitcoin and Ethereum struggle, new HYPE ETFs are attracting strong inflows, backed by staking rewards and token buybacks.
Hyperliquid ETFs show how crypto ETF innovation is moving beyond Bitcoin into functional blockchain networks and decentralized trading.
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- 21shares , one of the world's leading issuers of crypto exchange-traded funds (ETFs), today announced the launch of the 21shares Hyperliquid ETF (Ticker: THYP), providing direct spot exposure and integrating staking rewards, and the 21shares 2x Long HYPE ETF (Ticker: TXXH), offering leveraged exposure. The funds are the first U.S. ETFs designed to provide investors with exposure to HYPE, the native token of Hyperliquid, a next-generation decentralized exchange (DEX) that has emerged as a significant liquidity hub for 24/7 on-chain trading infrastructure.
SEC filings for THYP aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.