TLDR
- 21Shares filed with the US SEC for a 2x leveraged HYPE ETF that could maybe converse double the daily returns of the Hyperliquid Index
- Three asset managers personal now filed for various Hyperliquid ETF merchandise, including Bitwise’s predicament ETF and VanEck’s staking ETF
- Hyperliquid survived a $10 billion market selloff and posted its strongest income month while gaining consideration from Wall Avenue companies
- Jump Trading president called Hyperliquid the most main staunch competitor to Binance at a Coinbase summit attended by BlackRock executives
- Platform’s HIP-3 pork up enables licensed builders to create perpetual futures markets without centralized approval
21Shares submitted a filing with the US Securities and Exchange Commission for a 2x leveraged HYPE ETF. The product would converse double the daily returns of the Hyperliquid Index.
21Shares filing for a 2x HYPE ETF. This is the kind of filing where you are admire man, that is SO niche, idk.. but then you definately could maybe look up in 3-4yrs it is bought about a billion. Pretty an entire land scoot correct now, appropriate admire with themes, curr hedging and ravishing beta in eras past. pic.twitter.com/7UiLP5AlnK
— Eric Balchunas (@EricBalchunas) October 17, 2025
The proposed fund amplifies investor exposure by 200%. It targets merchants who must capitalize on Hyperliquid’s rising on-chain job.
Bloomberg ETF analyst Eric Balchunas talked about the filing is “so niche it could well maybe appropriate rep.” He when put next the pass to early booms in ravishing beta and currency-hedged merchandise.
If accredited, this could perhaps be the most main US-listed leveraged ETF tracking a are residing DeFi protocol’s performance. The constructing uses swaps reasonably than custody, introducing new layers of funding and counterparty exposure.
Analysts estimate preliminary capability could maybe attain $500 million to $1.5 billion. The categorical amount is reckoning on liquidity conditions in HYPE markets.
The 21Shares filing follows the company’s contemporary start of its DOGE ETF on the DTCC platform. In Europe, 21Shares listed a HYPE ETP on the SIX Swiss Exchange, giving institutional merchants entry without requiring wallets or on-chain custody.
A couple of Asset Managers Compete for HYPE ETF Listings
21Shares is no longer alone in pursuing a Hyperliquid ETF. Closing month, Bitwise filed for an HYPE ETF designed to support the native token straight away.
The Bitwise product entails in-kind creation and redemption beneficial properties. This permits shares to be swapped for HYPE tokens reasonably than money.
VanEck utilized for a predicament staking Hyperliquid ETF in the US alongside a parallel European ETP. The company hinted at integrating staking yields and attainable HYPE buybacks tied to fund performance.
The scoot amongst asset managers comes as Hyperliquid draws elevated consideration from venerable finance. Paradigm backed an $888 million Nasdaq-listed fund to support HYPE, giving institutions exposure without the utilization of the exchange straight away.
Platform Survives Most main Selloff While Gaining Wall Avenue Hobby
Hyperliquid no longer too lengthy in the past skilled a $10 billion market selloff that left many merchants timid. The platform persevered working at some stage in the match.
The 2-yr-aged decentralized exchange modified into built by a team of 15 engineers in Singapore. Despite its small dimension, it has already outperformed Coinbase particularly areas.
At a Coinbase summit, Jump Trading president Dave Olsen called Hyperliquid “the most main meaningful competitor” to Binance. Executives from BlackRock and Coatue attended the match.
The platform uses its Hyperliquidity Provider system with more than $500 million in deposits. HLP acts as an automatic procuring and selling vault that affords liquidity by frequently posting aquire and promote quotes.
All the blueprint by the hot market rout, the HLP made $40 million while many merchants faced losses. The platform’s auto-deleveraging system kicked in to soak up losses by decreasing into winning positions.
Hyperliquid’s monetary mannequin uses procuring and selling charges to aquire support HYPE tokens. The Assistance Fund dealing with these buybacks has built a $1.4 billion reserve.
The platform runs on 24 validators when put next with Ethereum’s one million. The Hyper Foundation controls nearly two-thirds of staked HYPE, giving it gargantuan governance vitality.
Hyperliquid Labs no longer too lengthy in the past instructed the US Commodity Futures Trading Commission that its perpetuals meet and in most cases exceed US market safeguards. The platform’s HIP-3 pork up went are residing, allowing licensed builders to create perpetual futures markets without centralized approval.
Over 100 initiatives in the interim are constructing on Hyperliquid in accordance with DefiLlama. The brand new pork up lets effectively off users start custom-made perpetual futures markets in minutes by staking hundreds and hundreds in HYPE as collateral.
