21Shares Files for Hyperliquid ETF, Opening the Door to DeFi Exposure on Wall Street

21Shares has filed for a new exchange-traded fund (ETF) focused on Hyperliquid’s decentralized finance ecosystem. This move signifies another significant step towards bringing DeFi assets into mainstream investment and follows Bitwise’s own recent proposal for a similar product. If approved, the HYPE ETF would become the second of its kind in the U.S., paving the way for widespread access to the burgeoning world of DeFi on Wall Street.