21Shares’ new Hyperliquid ETF pulled more than $5 million in inflows within days of launch and generated $8 million in trading volume Thursday alone.
Strong Early Demand Signals Appetite For Always-On Trading
Eli Ndinga, global head of research at 21Shares, explained that Hyperliquid’s appeal comes from letting traders access crypto, oil, silver, and gold markets around the clock.
The firm previously launched a Hyperliquid product in Europe before bringing the strategy to U.S. investors. The ETF follows Hyperliquid Strategies Inc (NASDAQ:PURR) as a way of getting exposure to HYPE.
Trading activity during recent geopolitical tensions involving Iran demonstrated the platform’s value.
Investors used Hyperliquid after traditional markets closed, with silver trading on the platform representing roughly 2% of CME silver volume at one point.
The platform reflects demand for 24/7 financial infrastructure that traditional exchanges cannot currently provide.
The launch comes as asset managers race …