A significant development in the world of cryptocurrency is unfolding as 21Shares, a leading provider of crypto exchange-traded products (ETPs), has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) for a groundbreaking Hyperliquid ETF. This move could significantly impact how investors access the dynamic realm of decentralized finance (DeFi). Hyperliquid is a high-performance decentralized exchange that provides traders with perpetual futures contracts on various cryptocurrencies, allowing them to trade derivatives without traditional intermediaries. An ETF, on the other hand, represents an investment fund traded on stock exchanges similar to stocks and tracks the underlying asset’s price. The proposed Hyperliquid ETF would aim to provide investors with exposure to Hyperliquid’s native token (HYPE) or even its performance within a regulated framework. 21Shares hopes this will bridge the gap between traditional finance and the innovative yet complex world of DeFi.