New LaunchJun 24, 2026, 05:07 PM
21Shares Hyperliquid ETF Commences Operations, Lists on Nasdaq
AI Summary
21Shares Hyperliquid ETF has commenced operations and its shares began trading on the Nasdaq Stock Market LLC under the ticker symbol THYP on May 12, 2026. This follows an initial seed capital investment of $488,225 by the Sponsor for 20,000 shares on May 11, 2026. The Trust is classified as an "emerging growth company," which allows it to take advantage of certain reduced public company reporting requirements.
Key Highlights
- 21Shares Hyperliquid ETF commenced operations and listed shares on Nasdaq under ticker THYP on May 12, 2026.
- The Sponsor purchased 20,000 shares for $488,225 on May 11, 2026, as initial seed capital.
- The Trust is an "emerging growth company" under the JOBS Act, allowing for reduced reporting requirements.
- The investment objective is to track HYPE performance and reflect rewards from staking a portion of HYPE.
- The Trust intends to stake between 30% and 70% of its HYPE holdings.
- A unitary Sponsor Fee of 0.30% of the Trust's NAV will be paid, accruing daily and payable quarterly in HYPE.
- The Trust intends to pay cash distributions to shareholders at least quarterly from staking rewards.
Price Impact