21Shares Files for Leveraged HYPE DeFi ETF with 2x Daily Exposure to SEC

Investment firm 21Shares has submitted an application to the US Securities and Exchange Commission (SEC) seeking approval for a novel leveraged DeFi exchange-traded fund (ETF). This groundbreaking proposal seeks to provide 2x daily exposure to Hyperliquid’s price, with the aim of attracting institutional investors. The potential impact on DeFi markets is significant as the ETF could amplify trading activity in derivative products related to Hyperliquid, potentially affecting overall market liquidity and adoption of DeFi products.