21Shares Hyperliquid ETF Debuts With $1.8M in Trading Volume

The first US spot ETF tracking Hyperliquid’s HYPE token started trading on Nasdaq on May 12, 2026. The fund, ticker $THYP, comes from 21Shares and pulled in $1.8 million in trading volume and about $1.2 million in net inflows by the end of the first day. 21Shares Launches First Spot Hyperliquid ETF 21Shares announced the launch of THYP in posts published yesterday, describing the fund as physically backed by HY…