21shares US HYPE ETF Launches $1.8M Day-One Volume on Nasdaq – Bitcoin News
Hyperliquid ETF puts THYP first in focus.
Asset management firm 21shares 21shares Hyperliquid ETF (Nasdaq: THYP ) announced on May 12 that it has launched HYPE exposure and integrated advertising to US investors. Pinching Awards. The issuer also introduced the 21shares 2x Long HYPE ETF (Nasdaq: TXXH ) as a leveraged counterparty on the same day.
The first day trading details posted by X on 21shares US recorded THYP at $1.8 million. Transaction volume and net income of about $1.2 million. The post also listed a management fee of 0.3% and stated that as of May 12, THYP had the lowest management fee for the Hyperliquid ETF. THYP trades on the Nasdaq with ISIN US90137V1089 and an inception date of May 4. TXXH was introduced to THYP and carries a separate 1.89% management fee, with an April 30 launch date.
The company said:
“The funds are the first US ETFs designed to provide exposure to HYPE, the next generation of hyperliquids. Decentralized exchange ( DEX) emerged as significant. Liquidity A 24/7 on-chain business infrastructure hub.
Release schedules for THYP are expected quarterly. Pinching Payments due from June 30. Additional payment dates are listed for September 30 and December 30. THYP is structured as a 33-Act spot exchange-traded product and does not hold the same investor protections as registered funds. TXXH operates as a 40-Act exchange traded fund with additional regulatory requirements.
Pinching Rewards and risk disclosures define THYP.
He said THYP can produce materials. share Its own entity to generate rewards. That structure introduces risks associated with lockout times, uncoordinated times, and being fined if an authenticator fails or commits an error. Stock awards are paid to the trustee and are not guaranteed. THYP shares trade at market value rather than net asset value and cannot be purchased individually by the Fund.
Hyper Liquidity runs about $8 billion in daily volume and commands more than 50% of the exchange's decentralized perpetual open interest, according to data from 21shares. The issuer cites more than $56 million in monthly transaction fees, with more than 95% coming from daily open HYPE purchases. Over 76% of tokens are allocated to the community, with group tokens locked up until 2028.
Andres Valencia, EVP, Investment Management at 21Share, said:
After pioneering the first hyperliquid exchange trading product in Europe, we have seen the protocol transform decentralized derivatives into a truly global liquidity hub.
