🚀 2x HYPE ETF: Double the Fun, Double the Chaos! 🚀

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21Shares says, “Hold my beer!” and files for a 2x leveraged HYPE ETF with the SEC. Why bet on Hyperliquid when you can bet on Hyperliquid squared? 🎲💸

 

21Shares, the financial wizards behind this madness, have officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a 2x leveraged HYPE ETF. Because why settle for single scoops when you can have a double-decker sundae of risk? 🍨💥

This ETF promises to double the daily returns of the Hyperliquid Index, giving investors a front-row seat to the DeFi rollercoaster. Buckle up, folks-this isn’t your grandma’s bond fund! 🎢🤑

21Shares: Because One ETF Isn’t Enough

Eric Balchunas, Bloomberg’s ETF guru, couldn’t resist chiming in. He compared this filing to the early days of smart beta and currency-hedged ETFs, calling it “SO niche” but predicting it could be worth billions in a few years. Because, you know, who doesn’t love a good financial land rush? 🏜️💰

According to Balchunas, the HYPE ETF is the latest example of thematic ETFs taking over the world. Or at least, the financial world. Which is basically the same thing, right? 🌍📈

21Shares filing for a 2x HYPE ETF. This is the kind of filing where you’re like, “Man, that’s SO niche, idk…” but then you look up in 3-4 years and it’s got a few billion. Just a total land rush right now, like themes, curr hedging, and smart beta in eras past. 🎩✨

– Eric Balchunas (@EricBalchunas)

The 2x HYPE ETF will amplify exposure to Hyperliquid’s performance by 200%. Because if you’re going to gamble, why not go all in? 🎲🔥

This move is part of 21Shares’ grand plan to dominate the DeFi space. Because who needs sleep when you can have perpetual market performance? 😴➡️💹

First U.S.-Listed Leveraged ETF for Hyperliquid: History in the Making!

If approved, this ETF will be the first U.S.-listed leveraged fund to track a live DeFi protocol. It’ll integrate Hyperliquid’s perpetual futures system into a traditional daily-reset ETF structure. Because why not mix oil and water and see what happens? 🛢️💧

Instead of custody, the ETF will use swaps, adding new layers of risk. Because what’s life without a little funding and counterparty danger? 🎭⚠️

The initial capacity is expected to range from $500 million to $1.5 billion. Because if you’re going to dream, dream big. Or go home. 🏠💭

Everyone Wants a Piece of the Hyperliquid Pie 🥧

21Shares isn’t alone in this DeFi frenzy. Bitwise and VanEck are also jumping on the bandwagon, filing for their own Hyperliquid-based ETFs. Because nothing says “financial innovation” like a good old-fashioned gold rush. 🏃💨

Bitwise’s ETF will hold the native token directly, while VanEck is going all in with a spot staking ETF in the U.S. and a European ETP. Because why stop at one continent when you can conquer two? 🌍🌏

This surge of interest follows Hyperliquid’s HIP-3 upgrade, which allows for permissionless perpetual market creation. Because who needs rules when you can have chaos? 🎉🤪

As a result, Hyperliquid is becoming the belle of the ETF ball. And if these ETFs succeed, it could pave the way for even more DeFi-focused financial products. Because the future is decentralized, baby! 🚀🔗

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2025-10-17 14:04