The Hyperliquid ETP listed by 21Shares on the SIX Swiss Exchange offers institutional investors exposure to the Hyperliquid token (HYPE) without wallets or on‑chain custody, providing regulated ETP access to a protocol that processes multi‑billion dollar daily volumes.
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Institutional ETP listing brings HYPE to regulated markets
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21Shares listed the Hyperliquid ETP on the SIX Swiss Exchange to give custody‑free exposure to HYPE.
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Hyperliquid reports >$8B daily volume and $2T in total trades since launch (company figures).
Hyperliquid ETP: Regulated exposure to HYPE via 21Shares on SIX Swiss Exchange — learn what investors need to know and next steps.
Institutional investors now have their first exposure to Hyperliquid’s native token through a Europe‑listed crypto ETP.
21Shares, a Switzerland‑based asset manager and issuer of crypto exchange‑traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange. The product gives investors exposure to the Hyperliquid token without the need for wallets or on‑chain custody.
What is the Hyperliquid ETP and how does it work?
The Hyperliquid ETP is a regulated exchange‑listed product that tracks the Hyperliquid token (HYPE), allowing investors to buy and hold token exposure via brokerage accounts without managing private keys. The ETP is issued by 21Shares and settled on the SIX Swiss Exchange under Swiss ETP rules.
How does Hyperliquid the protocol generate volume and fees?
Hyperliquid is a layer‑1 blockchain with an on‑chain order book for perpetual futures, matching buy and sell orders directly and settling natively. According to the protocol, it processes more than $8 billion in daily volume and recorded roughly $2 trillion in cumulative trades since its 2023 launch.
Why did 21Shares list the Hyperliquid ETP?
21Shares cited Hyperliquid’s rapid growth and compelling underlying economics. Mandy Chiu, head of financial product development at 21Shares, said Hyperliquid’s “growth has been nothing short of extraordinary, and the underlying economics are among the most compelling we’ve seen in the space.” The ETP provides regulated market access to institutional and retail investors who prefer custody‑free exposure.
How has Hyperliquid performed since launch?
Hyperliquid launched in late 2022 and quickly gained traction as a decentralized derivatives venue. The protocol reported record monthly and daily trading volumes, with July seeing $319 billion in trades in a single month, according to aggregated on‑chain metrics referenced by market analysts.
The platform also captured an outsized share of blockchain fee revenue in peak months and scaled to over 600,000 registered users, positioning it among the largest derivatives venues by daily activity.
What risks or controversies have emerged?
Market integrity concerns surfaced when four large traders allegedly profited nearly $48 million from suspected manipulation of Plasma’s XPL token, which spiked briefly. The protocol also experienced a 37‑minute outage in late July; Hyperliquid reimbursed $2 million to affected traders following the incident. These events highlight operational and market‑conduct risks inherent in high‑velocity trading platforms.
Frequently Asked Questions
How can investors access HYPE through the ETP?
Investors can buy the Hyperliquid ETP on the SIX Swiss Exchange via participating brokerages and custodians that list the product, obtaining HYPE exposure without self‑custody of tokens.
Does the ETP eliminate on‑chain risk entirely?
No. The ETP removes the need for investors to manage private keys, but underlying protocol‑level risks and market‑integrity issues related to Hyperliquid remain relevant.
Key Takeaways
- Regulated access: 21Shares’ listing brings HYPE exposure to exchange investors without wallet custody.
- High activity: Hyperliquid reports multi‑billion daily volumes and significant cumulative trade figures.
- Operational risks: Outages and suspected market manipulation incidents underscore ongoing market‑integrity and operational concerns.
Conclusion
The 21Shares Hyperliquid ETP introduces a regulated, custody‑free route to Hyperliquid token exposure, matching growing institutional interest in decentralized perpetuals. Investors should weigh the protocol’s high trading volumes and fee generation against operational risks and past market‑integrity incidents. For ongoing coverage, monitor COINOTAG updates and official announcements.
Published by COINOTAG — Updated: 2025-08-29
