21Shares Files for SEC Approval of HYPE-Tracking ETF

21Shares has submitted a crucial filing with the U.S. Securities and Exchange Commission (SEC), aiming to launch an ETF that tracks the HYPE token. This move marks 21Shares’ foray into the altcoin space, following successful ventures in Europe and strategic acquisitions. The filing, which seeks SEC approval for a spot ETF based on the HYPE token, represents a significant step towards expanding institutional participation in crypto asset management.