21Shares information HYPE ETF, Bitwise Solana ETF sees ‘big quantity’ on day 2

Asset supervisor 21Shares is looking for to launch an exchange-traded fund (ETF) monitoring the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid rising Wall Road curiosity in various cryptocurrencies.

The corporate filed for the 21Shares Hyperliquid ETF with the Securities and Trade Fee on Wednesday, which didn’t disclose a ticker image or price. Coinbase Custody and BitGo Belief have been named as custodians.

It follows an analogous submitting for a Hyperliquid (HYPE) ETF from Bitwise final month. The token offers reductions on the Hyperliquid decentralized change and is used to pay charges on its blockchain. It has elevated in worth over the previous 12 months, in step with the service’s rising reputation.

US buyers have demonstrated their urge for food for ETFs monitoring extra risky altcoins, a few of which embrace novel devices akin to staking. Bitwise’s new Solana (SOL) ETF recorded vital buying and selling quantity on its second day available on the market.

Bitwise Solana staking ETF quantity sees “big quantity”

In the meantime, the Bitwise Solana Staking ETF (BSOL) ended its second day of buying and selling on Wednesday with over $72 million in buying and selling quantity.

Bloomberg ETF analyst Eric Balchunas stated the determine “is a large quantity” and a “good signal” because the buying and selling quantity on most ETFs drops “after [the] day one hype is over.”

BSOL debuted for buying and selling on Tuesday alongside Canary Capital’s Litecoin (LTC) and Hedera (HBAR) ETFs. Bitwise’s ETF pulled in $55.4 million in buying and selling quantity in what Balchunas stated was the biggest of all crypto ETFs launched in 2025.