21Shares Files for HYPE ETF

In a new filing that underscores the institutional framework now underpinning crypto markets, 21Shares has proposed a Hyperliquid ETF with leading firms Coinbase Custody and BitGo Trust serving as joint custodians.

The S-1 registration, filed Wednesday, signals a focus on security and institutional-grade asset protection for the fund, which would track the HYPE token of the DeFi-focused Layer 1 blockchain.

This move solidifies a busy season for 21Shares, which recently agreed to be acquired by FalconX and follows Bitwise’s own September filing for a Hyperliquid fund.