Hyperliquid ETF Launch: $1.8M Day One Volume – What’s Next?

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First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details

The first Hyperliquid ETF started trading on Tuesday, and initial results indicate a successful launch, performing well compared to other new exchange-traded products.

The U.S. Securities and Exchange Commission (SEC) has given its approval to the fund, which was developed by crypto asset manager 21Shares. The fund is now available for trading on the Nasdaq stock exchange under the symbol $THYP.

Hyperliquid ETF Launch Recap

Bloomberg analyst James Seyffart reviewed the trading numbers for the new Hyperliquid ETF, offering a generally positive but measured assessment. In a post on X (formerly Twitter) on Tuesday, Seyffart noted that $THYP traded $1.8 million worth of shares on its first day, which he considered “very solid” and better than most new ETF launches, though not exceptionally high.

In addition to starting trading, 21Shares announced important details about the fund. They’ve set a management fee of 0.3%. For comparison, Morgan Stanley’s Bitcoin ETF, ticker $MSBT, has the lowest fee at 0.14%.

Besides the price, 21Shares reported that its Hyperliquid ETF saw $1.2 million in net inflows on its first day, offering more insight into how quickly investor demand built up after the ETF launched.

However, overall market conditions could make it harder to predict Hyperliquid’s performance in the short term. As of now, the value of HYPE, Hyperliquid’s token, has fallen by 3.5% and is currently being tested around the $40 price point.

The recent drop in value happened as the market became unsure after Bitcoin couldn’t break through the $83,000 mark following a recent price increase. If Bitcoin falls below $80,000, some experts predict another price decrease could occur.

If market sentiment turns negative again, it might reduce demand for 21Shares’ Hyperliquid ETF, especially if the initial strong interest fades after the launch phase.

Bitwise And Grayscale Update HYPE ETF Filings

Now that 21shares has launched its Hyperliquid ETF, everyone’s looking to see what other companies will do next. Bitwise and Grayscale have both recently updated their filings for similar ETFs, suggesting more of these products could be released in the near future.

These new Hyperliquid ETFs from the two investment firms could succeed thanks to the current, more crypto-friendly regulations and the leadership of Paul Atkins at the Securities and Exchange Commission.

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2026-05-13 02:50