Trending Now - Hyperliquid ETF Sees Strong $1.2M Opening Day Performance

WHO:

NewsBTC - 21Shares is the crypto asset manager behind the Hyperliquid ETF.

NewsBTC - The ETF is trading under the ticker $THYP on Nasdaq.

Cointelegraph - 21Shares’ Hyperliquid ETF debuted in the US.

WHAT:

NewsBTC - The Hyperliquid ETF launched on May 12, 2026.

Cointelegraph - The ETF attracted $1.2 million in inflows on its first day.

NewsBTC - The first day trading volume for the Hyperliquid ETF was $1.8 million.

NewsBTC - The fund has a management fee set at 0.3%.

NewsBTC - HYPE, the native token of Hyperliquid, was trading around $41 after a recovery.

WHERE:

NewsBTC - The Hyperliquid ETF is listed on Nasdaq.

WHEN:

NewsBTC - The Hyperliquid ETF launched on May 12, 2026.

WHY:

NewsBTC - The launch of the ETF signals the formation of institutional infrastructure around Hyperliquid.

NewsBTC - The ETF aims to provide a compliant path for institutional investors to access HYPE.

HOW:

NewsBTC - The ETF is structured as a grantor trust that holds HYPE directly.

NewsBTC - A portion of the Trust’s HYPE will be staked through Figment, a regulated staking provider, to generate quarterly cash dividends for shareholders.

(UPDATED May 13, 2026 09:49 UTC)

The Hyperliquid ETF, managed by 21Shares, made its debut on Nasdaq under the ticker $THYP on May 12, 2026, attracting $1.2 million in inflows and achieving a trading volume of $1.8 million on its first day. This ETF is structured as a grantor trust that directly holds HYPE, the native token of Hyperliquid, which was trading around $41 following a recovery. Additionally, a portion of the Trust’s HYPE will be staked through Figment, a regulated staking provider, to generate quarterly cash dividends for shareholders, marking a significant step in creating institutional infrastructure around Hyperliquid.