Institutional investors finally gain mainstream access to Hyperliquid’s groundbreaking protocol through 21Shares’ new ETP listing on SIX Swiss Exchange. This development marks a significant milestone for decentralized finance adoption.
Hyperliquid ETP Breaks New Ground for Institutional Access
21Shares, the Switzerland-based crypto ETP pioneer, has launched the first institutional-grade Hyperliquid ETP product. Consequently, investors can now access Hyperliquid’s native token without managing wallets or handling onchain custody. This Hyperliquid ETP listing represents a major step forward for regulated crypto products.
Record-Breaking Performance Metrics
Hyperliquid processes astonishing volumes exceeding $8 billion daily. Moreover, the platform has facilitated $2 trillion in trades since its 2023 launch. The Hyperliquid ETP arrives as the token recently achieved its all-time high of $50.99.
21Shares’ Established Track Record
The asset manager brings substantial credibility to this Hyperliquid ETP offering. Founded in 2018, 21Shares launched the first physically-backed crypto ETP. Additionally, they offer US spot Bitcoin and Ether ETFs alongside European crypto ETPs including Solana and Dogecoin products.
Hyperliquid’s Innovative Technology
Unlike typical DeFi platforms using automated market makers, Hyperliquid employs a traditional onchain order book. This system matches buy and sell orders directly while clearing trades in under one second. The platform requires no outside oracles or off-chain infrastructure.
Remarkable Growth Trajectory
Hyperliquid achieved record trading volume of $319 billion in July alone. Furthermore, it captured 35% of all blockchain revenue that month according to VanEck analysts. The platform surpassed 600,000 registered users while becoming the seventh-largest derivatives exchange.
Market Dynamics and Future Outlook
Despite a recent 37-minute outage that resulted in $2 million reimbursements, community sentiment remains strong. BitMEX co-founder Arthur Hayes predicts the token could rise 126-fold over three years. He cites expanding stablecoins and surging fee revenue as key drivers.
Frequently Asked Questions
What is the Hyperliquid ETP?
The Hyperliquid ETP is an exchange-traded product that provides institutional investors exposure to Hyperliquid’s native token without direct cryptocurrency custody requirements.
Where is the Hyperliquid ETP listed?
21Shares has listed the Hyperliquid ETP on the SIX Swiss Exchange, Europe’s fourth-largest stock exchange based in Zurich.
How does Hyperliquid differ from other DeFi platforms?
Hyperliquid uses an onchain order book system instead of automated market makers, enabling faster trade execution and direct order matching without external oracles.
What makes this ETP significant for institutional investors?
This represents the first regulated, institutional-grade product offering exposure to Hyperliquid’s protocol through traditional investment channels.
How does Hyperliquid generate revenue for token holders?
Trading fees are funneled into daily buybacks of the HYPE token, creating deflationary pressure and potential value appreciation for holders.
What risks should investors consider?
Investors should consider market volatility, regulatory changes, and technical risks associated with relatively new blockchain infrastructure.
