21Shares Files for Hyperliquid ETF, HYPE Token Surges 32% in One Week

Crypto asset manager 21Shares has filed with the SEC to launch a new exchange-traded fund (ETF) focused on the HYPE token from the Hyperliquid decentralized exchange. The filing comes as HYPE token’s price surged by 32% in just one week, driven by robust DeFi growth and increased liquidity. The ETF aims to provide institutional and retail investors with access to the HYPE token and its potential within the growing world of decentralized finance.