21Shares Hyperliquid ETF (THYP) had a trading volume of 1.8 million dollars on its first day, analysts say the performance is robust

According to The Block, the Hyperliquid ETF (THYP) under the crypto asset management company 21Shares was officially listed on Tuesday, with a trading volume of $1.8 million on its first day. Bloomberg ETF analyst James Seyffart commented that it was "very robust, far better than the typical ETF first-day performance."

It is reported that THYP is the first ETF product that tracks the Hyperliquid (HYPE) spot, allowing investors to gain exposure to HYPE tokens without directly holding the tokens. 21Shares stated that it plans to stake its held HYPE assets in the future. Additionally, Bitwise and Grayscale are also applying for HYPE-related ETF products.