21Shares’ Hyperliquid ETF debuted in the US to a “very solid day” of trading, despite volumes being below comparatively buzzy crypto ETF debuts.
Crypto asset manager 21Shares’ first Hyperliquid exchange-traded fund in the US drew $1.2 million in net inflows and saw $1.8 million in trading volume on its Nasdaq debut.
“Very very solid day and better than your average ETF launch for sure but nothing too crazy,” Bloomberg analyst James Seyffart said as the ETF finished its first day of trading on Tuesday.
Still, the 21Shares Hyperliquid ETF (THYP) debut trading volume was a fraction of the volume compared to earlier buzzy crypto ETFs, such as the Bitwise Solana Staking ETF (BSOL), which attracted $56 million on its opening day in late October, and the Canary XRP ETF (XRPC), which brought in $58 million on its debut in November.
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