The first Hyperliquid ETF officially began trading on Tuesday, and early signs 
suggest it cleared a key hurdle for a new product: a strong first day relative 
to typical exchange-traded product launches. The fund was approved by the US 
Securities and Exchange Commission (SEC) and was created by crypto asset 
manager 21Shares, with the ETF now trading under the ticker $THYP on the 
Nasdaq. Hyperliquid ETF Launch Recap Bloomberg analyst James Seyffart weighed 
in on the debut Hyperliquid ETF debut, offering what amounted to a clear-but- 
cautious read on the numbers. In a Tuesday post on X, Seyffart said $THYP 
finished the day at $1.8 million in trading, describing it as “very very 
solid” and stronger than an average ETF launch—though not in a category that 
he would label as extraordinary. Related Reading: Circle Banks $200M From 
Giants Like BlackRock In Arc Token Presale, CRCL Jumps 15% Alongside the 
trading activity, 21Shares also shared key launch disclosures. The firm set 
the fund’s management fee at 0.3%. By comparison, Morgan Stanley’s spot 
Bitcoin (BTC) exchange-traded fund, $MSBT, carries the lowest fee at 0.14%. In 
addition to pricing, 21Shares disclosed $1.2 million in net inflows on day one 
for its Hyperliquid ETF, giving investors another datapoint for how quickly 
demand may have formed after the launch. Even so, the broader market context 
may complicate near-term performance expectations. At the time of writing, 
Hyperliquid’s native token, HYPE, was down 3.5%, testing the $40 level as 
support. This decrease coincides with a period of market uncertainty brought 
on by Bitcoin&#8217;s recent retrace after failing to breach $83,000 during last 
week&#8217;s surge. If the $80,000 support breaks, some analysts believe this might 
lead to a new correction. If sentiment worsens again, it could potentially 
weigh on demand for 21Shares’ Hyperliquid ETF offering as well—particularly if 
inflows soften after the initial launch period. Bitwise And Grayscale Update 
HYPE ETF Filings Looking beyond 21shares&#8217; Hyperliquid ETF launch, attention is 
now turning to other issuers. The market is watching Bitwise and Grayscale, 
both of which have updated their spot HYPE ETF filings, strengthening the 
sense that additional products could follow soon. Related Reading: Bitmine ETH 
Holdings Cross 5.2 Million—CEO Announces New Phase For Crypto Markets The 
expectation is that these Hyperliquid ETF efforts by the two asset managers 
may benefit from the current regulatory environment in the country, with a now 
pro-crypto Securities and Exchange Commission led by Paul Atkins. Featured 
image created with OpenArt, chart from TradingView.com

First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details

Trump&#8217;s visit could reshape US-China relations, impacting global trade 
dynamics and geopolitical strategies amid existing tensions.
The post Trump to visit China for summit with Xi Jinping amid US-China 
tensions appeared first on Crypto Briefing.

Trump to visit China for summit with Xi Jinping amid US-China tensions

Labour&#8217;s internal strife and leadership uncertainty could weaken party 
cohesion, affecting its future electoral prospects and policy agenda.
The post Starmer faces pressure as Labour MPs call for resignation amid 
internal divides appeared first on Crypto Briefing.

Starmer faces pressure as Labour MPs call for resignation amid internal divides

The EU&#8217;s sanctions highlight growing international pressure on Israel, 
potentially straining diplomatic relations and impacting regional stability.
The post European Union approves sanctions on Israeli settlers over violence 
in West Bank appeared first on Crypto Briefing.

European Union approves sanctions on Israeli settlers over violence in West Bank

The sanctions highlight escalating geopolitical tensions, potentially 
reshaping global financial compliance and impacting crypto markets.
The post UK sanctions Iran-linked network over attack plots and financing 
through shadow banking appeared first on Crypto Briefing.

UK sanctions Iran-linked network over attack plots and financing through shadow banking

The sanctions could strain US-China relations, impacting global trade dynamics 
and intensifying geopolitical tensions over Iran&#8217;s oil exports.
The post Treasury designates 12 entities supporting IRGC oil sales to China 
appeared first on Crypto Briefing.

First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details

Comments