21Shares Seeks SEC Approval for Hyperliquid ETF Amid Rising Altcoin Interest
21Shares has filed for approval with the U.S. Securities and Exchange Commission (SEC) to launch a new fund that will track the HYPE token. This move highlights the growing institutional demand for exposure to alternative cryptocurrencies beyond the traditional top coins.
The proposed fund, named the Hyperliquid ETF, aims to provide investors with diversified access to the rapidly evolving altcoin market. By tracking the HYPE token, the ETF would offer a unique opportunity to capitalize on the token’s performance within a regulated investment vehicle.
The application underscores increasing interest from institutional investors seeking to broaden their cryptocurrency portfolios. As altcoins gain traction, funds like this could play a significant role in mainstream adoption and liquidity enhancement.
Stay tuned for further updates on the SEC’s decision and the potential launch timeline of the Hyperliquid ETF.
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