21Shares Files for SEC Approval
- 21Shares files for SEC approval.
- Spot ETF targets HYPE token.
- Market reaction to institutional entry.
21Shares, a Swiss crypto asset manager, has submitted a filing with the U.S. SEC on October 29, 2025, seeking approval for the Hyperliquid ETF, which tracks the HYPE token.
The filing reflects growing institutional interest in non-major altcoin ETFs, potentially boosting HYPE’s price and liquidity, similar to past market reactions seen with Solana’s ETF launch.
21Shares, a prominent crypto asset manager, has filed with the U.S. SEC for an ETF, marking its first profitable venture into the altcoin space. This follows previous efforts in Europe and strategic acquisitions enhancing its market position.
The filing seeks to establish a spot ETF tracking HYPE, the native token of the Hyperliquid protocol. Institutional-grade custodians Coinbase Custody and BitGo Trust have been listed to ensure robust compliance and security measures.
As a significant move in the crypto asset management sector, the filing could influence market dynamics significantly. The HYPE token saw a substantial 26% increase over the past week, reflecting strong speculative interest and investor confidence.
This application underscores rising institutional demand for diversified crypto assets. If approved, it could pave the way for future altcoin ETFs, strengthening investor infrastructure and potentially redirecting capital flows within the market.
This application underscores rising institutional demand for diversified crypto assets.
The immediate effects on HYPE have been remarkable, with its futures open interest soaring, suggesting bullish expectations. A successful partnership with Robinhood has expanded U.S. retail access, enhancing liquidity and trading volume.
Insights from historical trends indicate that altcoin ETF approvals could stimulate significant inflows into emerging crypto assets. Support from existing infrastructures, like those of Coinbase and BitGo, could foster regulatory confidence and technological advancement. Given the summary and details provided, I have extracted quotes related to the main news concerning 21Shares’ filing for a spot ETF tracking the HYPE token:
This application underscores rising institutional demand for diversified crypto assets.
While there are no specific quotable statements found in the information provided, for ongoing updates and potential future releases, you may want to monitor the company’s social media platforms or their official announcements.
