Swiss monetary providers agency 21Shares has launched the world’s first exchange-traded product (ETP) offering publicity to Hyperliquid, marking a big milestone in bringing decentralized finance (DeFi) protocols to conventional institutional traders. The Hyperliquid ETP started buying and selling on the SIX Swiss Trade on August 28, 2025, underneath the ticker image HYPE.
This groundbreaking launch represents the primary regulated funding automobile providing institutional-grade publicity to Hyperliquid, a next-generation decentralized trade that has emerged because the market chief in decentralized perpetual buying and selling. The ETP construction permits conventional traders to realize publicity to the quickly rising DeFi derivatives sector with out the operational complexities usually related to direct cryptocurrency investments.
The product addresses a rising demand from institutional traders in search of publicity to progressive blockchain protocols whereas sustaining the regulatory oversight and operational simplicity of conventional monetary devices. By itemizing on the SIX Swiss Trade, certainly one of Europe’s most revered buying and selling venues, the Hyperliquid ETP offers a bridge between the normal finance world and the cutting-edge decentralized finance ecosystem.
The ETP is structured as a 100% bodily backed product, that means that every share is supported by precise HYPE tokens held in safe chilly storage by institutional-grade custodians. This method offers traders with direct financial publicity to the underlying asset whereas eliminating the safety dangers and technical complexities of self-custody which have traditionally deterred institutional participation within the DeFi area.
Market knowledge reveals that Hyperliquid has achieved outstanding success within the decentralized derivatives buying and selling area, capturing over 70% market dominance relative to the highest 10 opponents mixed as of August 2025. This commanding market place displays the protocol’s superior expertise infrastructure and consumer expertise, which has attracted vital buying and selling quantity and liquidity.
The timing of this launch coincides with rising institutional curiosity in DeFi protocols, significantly these demonstrating sustainable enterprise fashions and powerful market adoption. Hyperliquid’s confirmed observe file within the aggressive derivatives buying and selling panorama makes it a horny funding proposition for establishments in search of publicity to next-generation monetary infrastructure.
21Shares Expands DeFi Portfolio
21Shares has established itself as one of many world’s main crypto ETP issuers, managing over $3.12 billion in property throughout 39 completely different merchandise listed on 11 exchanges globally. The agency’s complete method to cryptocurrency funding merchandise has made it a trusted companion for establishments in search of regulated publicity to digital property.
The corporate’s observe file consists of pioneering launches of ETPs monitoring main cryptocurrencies like Bitcoin and Ethereum, in addition to extra specialised merchandise overlaying rising sectors inside the cryptocurrency ecosystem. The Hyperliquid ETP represents the agency’s continued dedication to figuring out and offering entry to progressive protocols that reveal robust fundamentals and market potential.
21Shares’ rigorous due diligence course of ensures that new product launches meet stringent regulatory necessities whereas offering real worth to traders. The agency’s experience in navigating advanced regulatory frameworks throughout a number of jurisdictions has positioned it as a market chief in bringing institutional-grade cryptocurrency funding merchandise to conventional markets.
Key options of the 21Shares Hyperliquid ETP embody:
- ISIN: CH1471826029
- Buying and selling forex: USD
- Trade: SIX Swiss Trade
- Bodily backing: 100% collateralized
- Administration construction: Regulated ETP framework
Hyperliquid Protocol Innovation
Hyperliquid has distinguished itself within the crowded DeFi panorama by means of its progressive method to decentralized perpetual buying and selling. The protocol operates as a full-stack monetary ecosystem, offering customers with high-performance buying and selling capabilities that rival centralized exchanges whereas sustaining the transparency and permissionless nature of decentralized methods.
The platform’s technical structure permits environment friendly order matching and settlement, addressing most of the scalability and consumer expertise challenges which have traditionally restricted DeFi adoption. Hyperliquid’s success in capturing vital market share demonstrates the protocol’s potential to ship institutional-quality efficiency in a decentralized surroundings.
In contrast to many DeFi protocols that depend on exterior infrastructure or compromise on decentralization for efficiency, Hyperliquid has constructed a complete buying and selling system from the bottom up. This method has enabled the protocol to realize buying and selling volumes and liquidity ranges that place it as a critical competitor to centralized derivatives exchanges.
The protocol’s native token, HYPE, serves a number of features inside the ecosystem, together with governance rights and potential income sharing mechanisms. This utility-driven tokenomics mannequin offers token holders with direct publicity to the protocol’s development and success, making it a horny funding proposition for these in search of publicity to the DeFi derivatives sector.
Institutional DeFi Adoption Traits
The launch of the Hyperliquid ETP displays broader tendencies in institutional cryptocurrency adoption, significantly rising curiosity in DeFi protocols that reveal sustainable enterprise fashions and powerful technical foundations. Conventional monetary establishments are more and more recognizing the potential of decentralized finance to rework current monetary infrastructure and create new funding alternatives.
Regulatory readability in Switzerland and different European jurisdictions has facilitated the event of compliant funding merchandise that present institutional traders with publicity to progressive blockchain protocols. This regulatory surroundings has enabled corporations like 21Shares to pioneer new product classes that bridge conventional finance and decentralized methods.
The success of cryptocurrency ETPs in Europe has demonstrated robust institutional demand for regulated publicity to digital property. The growth into DeFi-focused merchandise represents a pure evolution of this pattern, as traders search to capitalize on the expansion potential of decentralized monetary infrastructure whereas sustaining applicable danger administration and compliance requirements.
Market observers notice that the institutional adoption of DeFi protocols by means of regulated funding autos might speed up mainstream acceptance and drive vital capital inflows into the sector. This pattern is especially related for protocols like Hyperliquid which have demonstrated robust product-market match and sustainable aggressive benefits.
The provision of the Hyperliquid ETP on a significant European trade additionally offers retail traders with simplified entry to DeFi publicity, doubtlessly broadening the investor base past conventional cryptocurrency fanatics to incorporate mainstream portfolio managers and monetary advisors in search of diversification alternatives.
Business analysts counsel that the profitable launch of specialised DeFi ETPs might pave the way in which for comparable merchandise monitoring different high-performing protocols, creating a brand new class of funding merchandise that present focused publicity to particular sectors inside the broader cryptocurrency ecosystem.
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The market affect of the Hyperliquid ETP launch extends past offering institutional entry to a single protocol, because it establishes a precedent for regulated funding merchandise monitoring specialised DeFi infrastructure. This improvement might catalyze broader institutional adoption of decentralized finance protocols and contribute to the maturation of the DeFi sector as establishments achieve publicity to progressive blockchain-based monetary infrastructure by means of acquainted funding autos.
- Trade-Traded Product (ETP)
- A regulated funding automobile that trades on inventory exchanges and offers publicity to underlying property. ETPs supply traders a solution to achieve publicity to numerous property by means of conventional brokerage accounts.
- Decentralized Finance (DeFi)
- A blockchain-based type of finance that recreates conventional monetary methods with out central authorities. DeFi protocols use sensible contracts to supply monetary providers like lending, buying and selling, and derivatives.
- Perpetual Trade
- A kind of derivatives buying and selling platform that gives perpetual contracts with out expiration dates. These contracts permit merchants to take a position on asset costs with leverage whereas sustaining positions indefinitely.
- Chilly Storage
- A safety technique for storing cryptocurrency offline to guard towards hacking and unauthorized entry. Chilly storage options are thought of essentially the most safe solution to retailer digital property long-term.
- Market Dominance
- A measure of an organization’s or protocol’s market share relative to opponents in the identical sector. Excessive market dominance signifies robust aggressive positioning and consumer adoption.