21Shares Launches First-Ever Leveraged DeFi ETF Based on Hyperliquid Protocol

Crypto asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a first-of-its-kind leveraged exchange-traded fund (ETF) that tracks the performance of Hyperliquid, a decentralized perpetual futures protocol. The proposed fund, titled 21Shares 2x Long HYPE ETF, aims to double the daily returns of HYPE’s market performance before fees and expenses. This groundbreaking move represents a significant step in the evolution of crypto ETFs.