Institutional Demand Fuels $12.7B Hyperliquid Token's ETF Bid 💰

The recent filing by 21Shares for a Hyperliquid ETF (HYPE) underscores the immense institutional demand now focusing on top-tier altcoins. The target asset, HYPE, boasts an impressive $12.7 billion market capitalization, reflecting its established presence as the native token of a high-volume decentralized exchange specializing in perpetual futures trading.

The move is part of a broader, positive trend where asset managers are seeking to meet strong investor interest by expanding crypto offerings beyond Bitcoin and Ethereum. The success of earlier funds—which now manage over $178 billion combined—has proven that regulated investment vehicles effectively overcome complexity and security concerns for traditional investors. By pursuing ETFs for high-value tokens like HYPE, the financial industry is confirming its commitment to integrating the most innovative and liquid components of the decentralized economy into mainstream investment products.