Whale positioning on decentralized derivatives platform Hyperliquid has reached $4.236 billion in total exposure, with large traders showing an unusually balanced stance between bullish and bearish bets. Long positions account for roughly $2.099 billion, or 49.
Will HYPE hold above $40 after 21Shares spot ETF saw $1.2 million daily net inflow in day one?
21Shares' newly launched THYP fund has become the first U.S.-listed ETF tied directly to a decentralized finance protocol, marking a major milestone in the evolution of crypto investment products beyond traditional Layer-1 blockchains.
The launch of the first-ever HYPE ETF marked a major milestone for the Hyperliquid ecosystem, attracting market attention and trading activity. Despite the strong attention generated by the first-ever HYPE ETF launch, the Hyperliquid price is beginning to show signs of weakness.
21Shares has launched the first U.S.-listed exchange-traded funds tied to Hyperliquid's HYPE token, introducing both a spot product with staking exposure and a leveraged fund tied to the decentralized derivatives platform. According to a statement shared with crypto.
Hyperliquid has been one of the most compelling stories in crypto since its launch in November 2024. While most new protocols struggled to find product-market fit in a difficult market environment, Hyperliquid built genuine traction — attracting traders, volume, and institutional attention at a pace that few anticipated.
Hyperliquid's first exchange-traded fund officially launched on Tuesday, generating approximately $1.8 million in first-day trading volume.
21shares launched THYP to give U.S. investors spot exposure to HYPE with integrated staking rewards. The ETF recorded $1.8 million in first-day trading volume, while a leveraged companion product also entered the market.
Grayscale Investments filed Amendment No. 2 to its S-1 form with the U.S. Securities and Exchange Commission (SEC), formally advancing its proposed ETF on Hyperliquid. The product, named the Grayscale HYPE ETF, seeks to offer direct exposure to the HYPE token without requiring investors to self-custody the asset, under a structure similar to that of spot Bitcoin and Ethereum ETFs.
Hyperliquid [HYPE] declined 1.3% over the past 24 hours and was trading at the $41.31 level at press time, marking its second consecutive day of losses. Despite the price dip amid ongoing geopolitical tensions, a crypto whale has shown remarkable interest in the asset by adding millions of dollars' worth of HYPE tokens.
Grayscale Investments filed Amendment No. 2 to its Form S-1 registration statement with the United States Securities and Exchange Commission on May 11, 2026, to formally advance its proposed Hyperliquid ETF.
Exchange supply increased by 123% hinting at a potential spike in selling pressure.