21Shares Launches Hyperliquid ETF $TYPE

Asset manager 21Shares rolls out its Hyperliquid ETF $TYPE tomorrow, May 12, 2026, after securing Nasdaq approval. The fund charges a lean 30bps fee, targeting exposure to Hyperliquid's decentralized derivatives platform. This launch hits as Bitcoin (BTC) dominates headlines, with traders eyeing crypto ETF launches for fresh liquidity plays. Over the past six months, similar products have drawn billions, signaling strong demand in volatile markets. Investors chase crypto market trends like this amid regulatory green lights, potentially reshaping Nasdaq ETF listings for digital assets.