21Shares Files for 2x Leveraged HYPE ETF to Double Daily Returns

21Shares has filed a proposal with the SEC for a new leveraged exchange-traded fund (ETF) that aims to double daily returns based on the performance of the Hyperliquid Index. This innovative approach utilizes swaps and avoids token custody by employing a traditional, regulated structure. The ETF’s design addresses challenges related to volatility and regulatory compliance within the DeFi space.