-
21Shares filed for a Hyperliquid ETF tracking the HYPE token.
-
The filing follows a series of new crypto ETF launches this week.
-
FalconX recently announced plans to acquire 21Shares to expand its crypto fund offerings.
New ETF Filing Expands Crypto Fund Landscape
21Shares, one of the world’s largest issuers of exchange-traded products, has filed with the SEC to launch the 21Shares Hyperliquid ETF. The fund will track the performance of HYPE, the native token of the Hyperliquid Layer 1 blockchain built for DeFi.
Major Custodians Back the Fund
According to the filing, Coinbase Custody and BitGo Trust will serve as custodians. The fund’s ticker has yet to be announced. The move follows Bitwise’s earlier filing for a similar product in September.
M&A and Strategic Expansion
The filing comes shortly after FalconX’s acquisition deal for 21Shares, which aims to combine its distribution reach with FalconX’s prime brokerage network. Together, they plan to launch a new suite of structured and derivatives-based crypto funds.
ETF Momentum Persists Despite Shutdown
21Shares’ filing adds to the growing list of ETF launches during the ongoing government shutdown, which includes funds from Grayscale, Bitwise, and Canary. Recent SEC guidance allows ETF filings to move forward automatically after 20 days, accelerating this latest wave of crypto investment products.
