21Shares Files for Double-Leveraged HYPE ETF with SEC

21Shares has officially filed for a 2x leveraged HYPE ETF with the US Securities and Exchange Commission (SEC), marking a significant milestone in institutional DeFi market access. The application aims to provide double daily returns on the HYPE Index, powered by Hyperliquid’s protocol. This marks a bold step towards expanding institutional participation in the DeFi ecosystem, while experts believe the current undervaluation of HYPE presents an opportunity for significant market gains.