How 21Shares Is Turning Crypto Upside Down-Yelling ‘HYPE’ and Making Old-Timers Blink

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Well now, it seems 21Shares has gone and done it-aims to put a shiny new “Hyperliquid” ETP on the SIX Swiss Exchange under the curious moniker of HYPE. Folks, that’s ‘HYPE,’ not ‘hype’-you’d think the marketing folks were having a lark or a laugh at us all. 🤠

According to the fancy folks at Globe News Wire, this latest stunt is about give-in investors a peek at Hyperliquid-a decentralized exchange that’s supposed to redefine how blockchain and crypto stuff works. Think of it as the tech whiz kid on the playground, jumping higher than all the rest. The flat fee? Just 2.50%. Because what’s a little extra for riding the rollercoaster of the crypto jungle? 🎢

Mandy Chiu, the head honcho of product development at 21Shares, boasted that Hyperliquid is doing for decentralized derivatives what the inventors of ETFs did for boring old stocks-building infrastructure so sturdy it’d make a bricklayer blush. She claimed the growth has been “nothing short of extraordinary,” which is a fancy way of saying it’s been a wild ride, with folks trading trillions-yes, trillions, not dollars, but ‘trillions’-since 2023. Makes you wonder if they’re actually printing money, or just making numbers up. 🤑

By mixing trading, blockchain, and development into one hearty stew, Hyperliquid is apparently getting ready to shake the foundations of the old financial world-kind of like what Elvis did to rock and roll, but with less leather and more code. As Mandy put it, they’re giving investors “institutional-grade access” to the fast-growing crypto corner-because who doesn’t want a fancy-fed ETF for their robot overlords? 🤖

Everyone and Their Dog Is Chasing ETFs

Meanwhile, over in the land of the SEC-those trusty folks who probably have a different opinion every day-21Shares threw their hat into the ring to start an ETF on SEI, the token of the Sei blockchain. They plan to track its price with some clever data from a handful of crypto exchanges, because why not let Big Brother watch your every dollar? Coinbase is their chosen guardian for this venture, probably with a rollicking good story about safeguarding grandma’s crypto Lego collection. Striking a pot of gold, they might even stake SEI to turn a extra buck, but that’s a gamble-like betting on a snail race in a hurricane. 🌪️

As for the rest of the crowd, it’s a veritable stampede-VanEck, Bitwise, Grayscale, and a host of others are all filing for ETFs ranging from Solana to Dogecoin. The SEC is rumored to be considering a fast-tracked approval process-because heaven forbid they actually process anything in a normal amount of time. 🤔

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2025-08-30 12:05