"21shares announced on May 12 the launch of the 21shares Hyperliquid ETF (Nasdaq: THYP), offering U.S. investors spot exposure to HYPE and integrated staking rewards. The issuer also introduced the 21shares 2x Long HYPE ETF (Nasdaq: TXXH) on the same day as a leveraged companion product. First-day trading details posted on X by 21shares US showed THYP recorded $1.8 million in trading volume and about $1.2 million in net inflows."
"The post also listed a 0.3% management fee and described THYP as having the lowest management fee for a Hyperliquid ETF as of May 12. THYP trades on Nasdaq with the ISIN US90137V1089 and a May 4 inception date. TXXH was introduced alongside THYP and carries a separate 1.89% management fee, with an April 30 inception date."
"Distribution schedules released for THYP show expected quarterly staking reward payments beginning June 30. Additional payable dates are listed for Sept. 30 and Dec. 30. THYP is structured as a 33-Act spot exchange-traded product and does not carry the same investor protections as registered funds. TXXH operates with a daily leverage reset, which may amplify losses over time."
"Investors face staking risks, market-price trading, and no direct individual share redemption. TXXH's daily leverage reset may amplify losses over time. The funds are the first U.S. ETFs designed to provide investors with exposure to HYPE, the native token of Hyperliquid, a next-generation decentralized exchange (DEX) that has emerged as a significant liquidity hub for 24/7 on-chain trading infrastructure."
21shares launched the 21shares Hyperliquid ETF (THYP) on Nasdaq to give U.S. investors spot exposure to HYPE, the native token of Hyperliquid, and integrated staking rewards. The ETF recorded $1.8 million in first-day trading volume and about $1.2 million in net inflows, with a 0.3% management fee. THYP is structured as a 33-Act spot exchange-traded product and does not provide the same investor protections as registered funds. The issuer also introduced a leveraged companion, the 21shares 2x Long HYPE ETF (TXXH), with a 1.89% management fee and a daily leverage reset that may amplify losses over time. Expected quarterly staking reward payments begin June 30.
Read at news.bitcoin.com
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