#binance #hype #zec #near
13/05/26 07:11 UTC-04

The First Spot ETF for a Very Popular Altcoin Has Been Launched in the United States

After Bitcoin and Ethereum, spot ETFs for several altcoins have also started launching in the United States. One of them is Hyperliquid ($HYPE). This ETF became the first product of its kind to begin trading with exposure to the $HYPE altcoin.

As part of the launch, the new 21Shares Hyperliquid ETF (THYP) started trading, recording approximately $1.8 million in trading volume on its first day.

Bloomberg ETF analyst James Seyffart stated that THYP’s first-day trading volume of $1.8 million represented a very strong performance for a newly launched ETF.

He added that this figure is considered a solid benchmark for a typical ETF launch, although it does not indicate explosive success.

“21Shares THYP recorded $1.8 million in trading volume on its first day of listing. That is a very solid result for a first trading day and a better-than-average start for a newly launched ETF.”

However, he noted that the launch did not experience an explosive surge in trading activity.

More Hyperliquid-related ETFs are expected to enter the market. James Seyffart also mentioned that the Bitwise HyperLiquid ETF is expected to launch soon and will likely become the next major Hyperliquid-related investment product.

Bitwise has already launched a European Hyperliquid staking ETP on Deutsche Börse Xetra and is preparing to launch a spot Hyperliquid staking ETF in the United States.

In addition, Grayscale is also planning to launch a Hyperliquid staking ETF.

See also: "The Number of Large XRP Wallets Has Reached an All-Time High"

#ETF #Hyperliquid (HYPE) #Spot

Editor: Alyona Nabok
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