Investment Firm Submits Revised Proposal for Innovative Trading Fund, Assigns $THYP Symbol, Awaits Regulatory Approval

In a significant development, 21Shares has resubmitted its proposal for the Hyperliquid ETF, which is slated to trade under the ticker symbol $THYP, as revealed in a filing update that emerged on Tuesday. This revised application seems to have taken into account the feedback provided by the Securities and Exchange Commission (SEC), although the details regarding the fees associated with the fund have not been made public at this stage.

By submitting this updated filing, 21Shares has brought its Hyperliquid ETF product one step closer to gaining regulatory clearance and a potential listing in the US market. As a leading provider of digital asset investment products, 21Shares has been actively pursuing approval for a range of exchange-traded products focused on the crypto and blockchain sectors. According to information shared by JSeyff on the social media platform X, this move is a notable advancement in 21Shares' efforts to expand its presence in the US market.