21Shares Submits Hyperliquid ETF Application to SEC
Leading crypto asset management company 21Shares has officially filed a request with the U.S. Securities and Exchange Commission (SEC) to launch a Hyperliquid Exchange-Traded Fund (ETF). This filing signals another step toward the institutionalization of decentralized trading infrastructure within the regulated investment landscape.
Expanding ETF Offerings into DeFi
The proposed Hyperliquid ETF would aim to provide investors with exposure to DeFi derivatives markets through the Hyperliquid ecosystem—a decentralized perpetual trading platform known for its high liquidity and on-chain transparency.
This move follows a series of successful ETF launches by 21Shares, including Bitcoin and Ethereum spot products, further solidifying the firm’s position as one of the pioneers in crypto-based investment vehicles.
Institutional Momentum for DeFi Products
Experts note that this application could mark a turning point for decentralized finance, bringing liquidity and credibility from traditional markets into emerging blockchain ecosystems. If approved, the Hyperliquid ETF could become one of the first financial instruments linking regulated markets and DeFi protocols.
What Comes Next
The SEC will now review the application, a process that typically takes several months and involves multiple rounds of feedback and compliance checks. The approval of such a product would not only benefit 21Shares but could also accelerate mainstream acceptance of DeFi-based ETFs across global markets.
