---
title: "21Shares Bets Big On Hyperliquid With New Crypto ETFs Amid DeFi Boom"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286150271.md"
description: "21Shares has launched two new ETFs, THYP and TXXH, linked to Hyperliquid's HYPE token, marking the first U.S.-listed ETFs for decentralized trading. The THYP ETF offers spot exposure and staking rewards, while the TXXH ETF provides 2x leveraged exposure. This launch comes amid a surge in decentralized finance, with Hyperliquid processing $8 billion in daily volume and accounting for over 50% of decentralized perpetual futures open interest. The move reflects growing investor interest in regulated crypto products as the market expands beyond Bitcoin and Ethereum."
datetime: "2026-05-12T19:53:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286150271.md)
  - [en](https://longbridge.com/en/news/286150271.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286150271.md)
---

# 21Shares Bets Big On Hyperliquid With New Crypto ETFs Amid DeFi Boom

Crypto ETF issuer **21Shares** has rolled out two new ETFs tied to **Hyperliquid's** **HYPE** token, marking the first U.S.-listed ETFs designed to track the rapidly growing decentralized trading ecosystem.

The new funds include the **21Shares Hyperliquid ETF** (NASDAQ:THYP), which offers spot exposure alongside staking rewards, and the **21Shares 2x Long HYPE ETF** (NASDAQ:TXXH), which provides leveraged exposure to the token's price movements.

## Key Features Of The New Hyperliquid ETFs

-   **THYP ETF**
    -   Spot exposure to HYPE token
    -   Integrates staking rewards
    -   Expense ratio: 0.30%
    -   Inception date: May 4, 2026
-   **TXXH ETF**
    -   Provides 2x leveraged exposure to HYPE
    -   Expense ratio: 1.89%
    -   Inception date: April 30, 2026
-   **Hyperliquid Metrics**
    -   Processes about $8 billion in daily volume
    -   Generates over $56 million monthly in trading fees
    -   More than 95% of fee revenue is directed toward HYPE buybacks
    -   Over 76% of token supply is allocated to the community

The launch comes as Hyperliquid gains traction in decentralized finance, with the platform now accounting for more than 50% of decentralized perpetual futures open interest and roughly $8 billion in daily trading volume, according to the company.

21Shares said the move reflects rising investor demand for regulated products tied to on-chain trading infrastructure as crypto markets continue to expand beyond Bitcoin and Ethereum-focused strategies.

**Andres Valencia**, EVP of Investment Management at 21Shares, said Hyperliquid has evolved into a "global liquidity hub for decentralized derivatives," citing more than $4 trillion in cumulative trading volume since inception.

The firm added that the protocol's architecture operates fully on-chain using a real-time order book system without relying on external oracles — a structure that has increasingly attracted institutional and retail attention in the decentralized finance space.

**Read Also: Nvidia Dominated The First AI ETF Boom — Alphabet May Shape The Next**

_Image: Shutterstock_

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