Hyperliquid: 21Shares HYPE ETF debuts as whale activity surges 272%
The post Hyperliquid: 21Shares HYPE ETF debuts as whale activity surges 272% appeared on BitcoinEthereumNews.com. The U.S. market is ready for its first spot Hyperliquid [HYPE] ETF. The asset manager 21Shares announced that its HYPE ETF (THYP) would debut today, the 12th of May, on Nasdaq with an annual management fee of 0.30%. Effectively, the product would allow institutions and broader Wall Street to gain exposure to the booming crypto and tokenized perps segment. The hot sector is currently dominated by Hyperliquid DEX (decentralized exchange). Last month, Bitwise and Grayscale updated their spot HYPE ETF filing, further indicating that these two products could also hit the market soon. It remains to be seen how Wall Street will react to the altcoin. Phantom’s Hyperliquid integration hit $20M in revenue Separately, Hyperliquid’s integration, especially with wallets such as Phantom, has begun to bear fruit. Like Phantom and MetaMask, Rabby also uses Hyperliquid to power its in-