21Shares to Launch Hyperliquid ETF (THYP) on May 12

Mars Finance reported that 21Shares US said in an official announcement its Hyperliquid ETF, ticker THYP, is slated to begin trading on May 12, 2026 (Eastern Time). The prospectus describes THYP as a passive, spot HYPE ETF intended to track the FTSE Hyperliquid Index. The fund also plans to stake a portion of its HYPE holdings, subject to controlled regulatory and tax risks.