TechFlow News, May 13: According to The Block, 21Shares’ Hyperliquid ETF—THYP—began trading on Tuesday, becoming the first listed Hyperliquid ETF. Bloomberg ETF analyst James Seyffart stated that THYP’s first-day trading volume reached $1.8 million, outperforming the average ETF’s debut. This product provides investors with exposure to HYPE without requiring direct ownership of the token. Seyffart also noted that Bitwise’s Hyperliquid ETF may be the next to launch. Previously, Bitwise filed an amendment to its U.S. HYPE ETF application, and Grayscale is also seeking to launch a HYPE fund.
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