Asset manager 21Shares has filed to launch an exchange-traded fund (ETF) tracking the token behind the Hyperliquid decentralized futures and blockchain protocol. This move comes as Wall Street firms show increasing interest in alternative cryptocurrencies. The company filed for the 21Shares Hyperliquid ETF with the SEC, though a ticker symbol or fee remain undisclosed. Coinbase Custody and BitGo Trust have been named custodians for the fund. This follows a similar filing from Bitwise last month for their own Hyperliquid (HYPE) ETF. This token offers discounts on the Hyperliquid decentralized exchange and is used to pay fees on its blockchain, seeing increased value alongside the service’s growing popularity. 21Shares filing comes amidst growing interest in ETFs tracking more volatile altcoins, some of which include novel instruments like staking. Bitwise’s new Solana (SOL) ETF also saw significant trading volume on day two, exceeding $72 million. Analyst Eric Balchunas noted this strong performance was a “good sign” indicating market confidence. Other noteworthy activity includes Grayscale Investments’ launch of its own staking-enabled Grayscale Solana Trust ETF (GSOL), which debuted with $4 million in trading volume, though it trailed Bitwise’s BSOL. This development shows the surging interest in alternative cryptocurrencies and ETFs tracking them.