21shares launches THYP ETF with $1.8M day-one volume, offering U.S. investors exposure to HYPE and staking rewards.

21shares debuted the 21shares Hyperliquid ETF (THYP) on Nasdaq, providing U.S. investors spot exposure to the HYPE token along with integrated staking rewards. The ETF recorded $1.8 million in trading volume and $1.2 million in net inflows on its first day. THYP features a low 0.3% management fee and quarterly staking reward payments starting June 30, but carries risks such as staking lock-up periods and market price trading. Alongside THYP, 21shares also launched a leveraged companion ETF, TXXH, with a higher management fee and daily leverage reset risks. This launch marks 21shares' expansion of regulated crypto ETFs in the U.S. market, targeting decentralized exchange liquidity.