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

HYPE

HYPE/USDT

$57.255

+0.92%

$57.255

+0.92%

(24s)

24h Volume

$230,675,328.17

24h H/L

$57.61 / $56.64

Change: $0.9700 (1.71%)

Funding Rate

+0.0051%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$57.24

▲ 0.54%

Volume (24h): -

Resistance Levels

Resistance 3$62.1584

Resistance 2$59.7549

Resistance 1$57.5833

Price$57.24

Support 1$56.7086

Support 2$55.1361

Support 3$53.0016

Pivot (PP):$56.7333

Trend:Sideways

RSI (14):50.8

The Block Editorial

(10:08 PM UTC)

1 min read

Reviewed byJames Mitchell

0 comments

Crypto asset manager 21Shares' Hyperliquid ETF (THYP) launched Tuesday, debuting with promising trading volumes, according to Bloomberg ETF Analyst James Seyffart.

The fund is the first of its kind to begin trading. Investors buying shares in the instrument gain exposure to the (HYPE) token without having to own the cryptocurrency itself. Hyperliquid is the largest onchain perps DEX.

"THYP…