Overview
- 21Shares’ SEC‑approved fund began trading on Nasdaq under the ticker THYP and posted about $1.8 million in volume with $1.2 million of net inflows on its first day.
- The ETF charges a 0.30% management fee, while Morgan Stanley’s spot Bitcoin fund lists a 0.14% fee for comparison.
- The product wraps Hyperliquid’s HYPE token in a stock‑market fund, letting buyers avoid self‑custody and crypto wallet setup.
- HYPE fell roughly 3.5% during the launch day, a slide that reporting said could cool near‑term demand for the new fund.
- Bitwise and Grayscale have updated spot HYPE filings, signaling that more U.S. funds could follow if the SEC grants approval.