Published May 12, 2026, 6:08 PM ET · Updated 6 months ago · 1 source

First-ever Hyperliquid ETF launches, posts ‘very solid’ first day of trading: analyst

theblock

Original Report

The first-ever Hyperliquid ETF, THYP, launched Tuesday with $1.8 million in trading volume, a "very solid" debut according to Bloomberg ETF Analyst James Seyffart. This fund allows investors to gain exposure to the HYPE token without direct ownership. Seyffart noted the launch was better than average, though not as high as some previous altcoin ETF debuts. Bitwise and Grayscale are also pursuing similar Hyperliquid-based funds.