POPA Recon21Shares Launches First Hyperliquid ETF on Nasdaq
21Shares Launches First Hyperliquid ETF on Nasdaq 21Shares launched Hyperliquid ETF (THYP) on Nasdaq, giving traditional investors direct exposure to HYPE through banks and brokerage accounts. The fund is physically backed and structured as a grantor trust, meaning it holds actual HYPE tokens rather than synthetic exposure. This structure also allows part of the holdings to be staked, with staking rewards distributed to shareholders. Custody is handled by Anchorage Digital and BitGo, while staking is supported through Figment. Around 30–70% of HYPE holdings may be staked, with the option…
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