Hyperliquid token gains institutional access with new 21Shares ETP

Institutional investors now have their first exposure to Hyperliquid’s native token through a Europe-listed crypto ETP.

21Shares, a Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange. The product gives investors exposure to the Hyperliquid token without the need for wallets or onchain custody.

In a Friday announcement, the company described Hyperliquid as one of the major venues for decentralized derivatives, claiming it processes more than $8 billion in daily volume, with $2 trillion in trades since its 2023 launch, and roughly 80% of the total decentralized perpetuals activity.

The listing, which marks the first institutional-grade product offering exposure to the Hyperliquid protocol, comes just days after Hyperliquid’s token (HYPE) hit a record high of $50.99.