21Shares Files for Hyperliquid ETF with SEC as Altcoin Interest Accelerates -

Swiss asset manager 21Shares has filed a registration statement with the US Securities and Exchange Commission (SEC) to launch the 21Shares Hyperliquid ETF, designed to track the price of HYPE, the native token of the Hyperliquid blockchain.

The filing outlines a structure where the fund will hold HYPE directly, with Coinbase Custody and BitGo Trust serving as custodians. The ETF may also engage in staking activities to generate onchain rewards, provided it remains compliant with US regulatory and tax frameworks.

The move extends 21Shares’ rapid expansion into altcoin-linked products, following filings for Solana, Polkadot, Sui, and Injective ETFs earlier this year. If approved, the fund would provide investors with regulated exposure to Hyperliquid through traditional brokerage accounts, bypassing the need for direct token ownership.

The filing underscores growing institutional appetite for diversified digital-asset ETFs, as issuers race to capture demand beyond Bitcoin and Ethereum.