21Shares don file for Hyperliquid ETF to track HYPE Token
21Shares don file Form S-1 registration with US Securities and Exchange Commission to launch spot Hyperliquid ETF wey go track HYPE token. The proposed Hyperliquid ETF, sponsored by 21Shares US LLC, go appoint Coinbase Custody Trust Company and BitGo Trust Company as custodians. Dis move follow similar Bitwise Hyperliquid ETF proposal, wey create two issuers wey dey target the same token. The filings show growing US demand for regulated altcoin ETFs beyond Bitcoin and Ethereum. Separate, Bitwise’s Solana Staking ETF (BSOL) record $55.4m for day-one inflows and $72m on day two, set new liquidity benchmark compared to simultaneous Litecoin and Hedera ETF launches.
Bullish
Di dual ETF filings wey 21Shares and Bitwise submit go likely make HYPE price go up. Short time, SEC registration dey boost market feeling and make token shine more. If dem approve am, the Hyperliquid ETF go open new retail and institution demand ways, increase HYPE trading volume and reduce the supply wey dey circulate. For history, when dem launch regulated Bitcoin and Ether products, price usually clear up well. For long term, if dem add HYPE to one regulated ETF list, e fit bring steady money inflow and better liquidity, wey go make price increase well well.