Crypto ETP issuer 21Shares has filed a Form S-1 with the SEC for the 21Shares Hyperliquid ETF. The product will track the market price and staking rewards of HYPE, the native token of the Hyperliquid blockchain.
HYPE ETF is focused on offering investors controlled access to decentralized finance holdings. The filing describes an effective framework that does not involve leverage or derivatives. Coinbase Custody and BitGo Trust will guarantee the holdings of the fund, ensuring cold storage and transparency.
HYPE ETF Targets Institutional and Retail Interest
The firm plans to offer investors access to HYPE’s performance without managing digital wallets or private keys. An exchange-traded fund will track a pricing benchmark reflecting data from leading exchanges. Moreover, 21Shares may stake a portion of holdings through verified providers if regulations permit.
The fund will issue and redeem shares via approved agents in exchange for Hyperliquid or its equivalent cash worth. This structure is similar to currently existing Bitcoin and Ethereum ETFs, which implies increasing maturity in decentralized finance investment vehicles.
The Exchange-traded fund places the firm among the companies bridging the traditional markets and blockchain-based ecosystems. Removing speculative strategies allows it to provide transparency and visibility into value. The product can also spur institutional involvement and increase liquidity in the DeFi market.
This filing comes after 21Shares announced a leveraged ETF proposal earlier in October. That initiative was meant to provide amplified returns related to token market activity, another indicator of institutional interest in ETFs based on DeFi.
Will Hyperliquid Price Break $55 Resistance Soon?
The latest Hyperliquid price traded around $47.60, gaining nearly 1.73% in the last session. The 4-hour chart indicates a consolidation phase between $45.00 and $50.00, suggesting the market is building strength before a potential breakout.
The Relative Strength Index (RSI) currently reads 57.6, pointing toward a neutral-to-bullish bias.
The Moving Average Convergence Divergence (MACD) indicator shows a slight bearish crossover, with the signal line edging above the MACD line.
The price faces immediate resistance at $50.00, a psychological and technical barrier tested multiple times. A breakout above this level could trigger bullish momentum toward $52.50 and possibly $55.00.
On the downside, strong support lies near $45.00. If sellers manage to push the price below this zone, the next downside target could emerge near $42.00.
