Oct 29, 2025
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21Shares Files S-1 for HYPE ETF with SEC
21Shares US LLC Expands DeFi ETF Offerings
- 21Shares US LLC has filed an S-1 registration with the SEC for the "21Shares Hyperliquid ETF," which tracks the US dollar price and staking yield of HYPE, the native token of the Hyperliquid network.
- The ETF is designed as a Delaware statutory trust and aims to provide institutional investors exposure to HYPE's market performance and staking rewards, excluding management fees and liabilities.
- Coinbase Custody and BitGo Trust will be custodians, providing secure cold storage for the fund's HYPE holdings.
- The ETF will track HYPE’s price passively through a benchmark aggregating data from major exchanges without using leverage or derivatives.
- 21Shares may stake part of the fund’s HYPE via vetted providers or liquid staking tokens, pending regulatory clarity.
- The filing includes a "HYPE Counterparty" to facilitate share creation and redemption, similar to existing Bitcoin and Ethereum ETFs.
- This follows 21Shares' earlier filing for a leveraged 2x Long HYPE ETF and a spot Injective (INJ) ETF.
HYPE Price Analysis
- HYPE is trading at approximately $49.38, up 3.5% for the day, with indicators showing moderate bullish momentum.
- The Bollinger Bands are widening, and the RSI is at 62.5. The MACD histogram shows increasing momentum.
- Resistance is near $49–$50; a daily close above could lead to targets of $55 and $61 if momentum sustains.
- Immediate support is at $44, with stronger demand anticipated around $40, the mid-October accumulation zone.
