Key Takeaways:
Asset manager 21Shares updated its filing for an exchange-traded fund (ETF) linked to the Hyperliquid perpetuals exchange, proposing the ticker THYP in a revised S-1 form submitted to the U.S. Securities and Exchange Commission (SEC).
"The updated filing is in response to feedback from the SEC," according to Bloomberg ETF analyst James Seyffart, who disclosed the amendment. This active dialogue indicates a continued push by issuers to introduce more complex crypto products to regulated U.S. markets.
The filing for the proposed ETF, which would offer exposure linked to the performance of the decentralized derivatives platform, does not yet include details on management fees. The original filing was made by 21Shares US, the firm's American arm, which successfully launched a spot Bitcoin ETF with ARK Invest.
While the amendment does not guarantee approval, it represents a step forward in the process of bringing assets like Hyperliquid to a broader investor base through traditional financial vehicles. The outcome of this application could influence the regulatory pathway for other exotic crypto derivatives and DeFi-related ETFs.
This article is for informational purposes only and does not constitute investment advice.
