21Shares has launched the 21Shares Hyperliquid ETP on the SIX Swiss Exchange under the ticker HYPE. The product gives investors direct access to Hyperliquid, a decentralized exchange that is reshaping crypto derivatives and blockchain-based trading. The ETP carries a 2.50% fee and uses ISIN CH1471826029.
Hyperliquid has emerged as one of the strongest protocols in the sector since its launch in 2023. It has processed more than $2.07 trillion in cumulative volume and now handles over $8 billion every day. The platform dominates decentralized perpetuals, capturing an 80% market share.
Its strategy unites trading, blockchain, and development in a single protocol, setting it apart from fragmented competitors. Its protocol has also adopted a sustainable formula through daily token buybacks. All profits gained are put into purchasing HYPE tokens, with more than 95% utilized in this purpose. This creates perpetual buying pressure in the market.
Community holds the majority of hyperliquid tokens
Buybacks have already crossed the $1 billion threshold, historically unprecedented levels in decentralized finance. Hyperliquid generates over $56 million in revenue per month while having eschewed taking venture capital funding. What it did instead was save 76% of the token supply to the community. Team tokens are locked until 2028 to ensure long-term alignment.
While off-chain protocols or external oracles are used in every other interaction, Hyperliquid is entirely on-chain. This is more reliable, more liquid, yet swifter. Its zero-gas, one-click solution is easy to use and consistent with centralized systems. Strategic deployments, like Phantom Wallet, have enabled adoption.
21Shares builds a bridge between finance and innovation
The platform always produces more than ten times the number of trades from the next competitor that is closest. Hyperliquid also assists developers with the Hyperliquid Chain as well as HyperEVM, allowing apps to run natively within their environment.
It integrates spot trading, perpetual contracts, token issuing, and app building into a vertically integrated stack. This creates a complete decentralized finance operating system that is scalable and capable of long-term growth. For investors, the new ETP offers exposure to one of the most rapidly growing sectors in crypto in a recognized and regulated exchange-traded form.
21Shares cements leadership as a pioneer in crypto ETPs, building upon a legacy that began in 2018 with the first physically settled crypto product. The firm now continues to expand its roster of institutional-grade solutions that link traditional finance with decentralized technologies through the listing of HYPE.
