Switzerland-based asset manager 21Shares has launched the Hyperliquid ETP (exchange-traded product) on the SIX Swiss Exchange. This new product, with the ticker HYPE and ISIN CH1471826029, provides institutional and retail investors with exposure to the Hyperliquid token without needing digital wallets or on-chain custody. The ETP has a fee of 2.50%.

Hyperliquid is a decentralized exchange (DEX) built on its own Layer-1 blockchain, designed to offer the best features of both centralized and decentralized exchanges. It provides advanced trading tools like perpetual derivatives, low fees, and fast transactions. Since its launch in 2023, Hyperliquid has processed over $2.07 trillion in cumulative trading volume and currently handles more than $8 billion daily, representing approximately 80% of the total decentralized perpetuals activity.

Mandy Chiu, Head of Financial Product Development at 21Shares, highlighted Hyperliquid's extraordinary growth and compelling underlying economics. She noted that Hyperliquid is building at the infrastructure level with a long-term vision, similar to how leading asset managers redefined ETFs. The ETP aims to provide investors with an institutional-grade access point to one of the fastest-growing segments of the crypto market through a familiar and trusted ETP structure.

Hyperliquid distinguishes itself through its robust economic model, where over 95% of protocol revenues are used daily to buy back HYPE tokens, creating consistent market demand. Unlike many decentralized platforms, Hyperliquid operates with a traditional on-chain order book, matching buy and sell orders directly and clearing trades in under a second without relying on outside oracles or off-chain infrastructure. Users connect via wallets to place spot or perpetual orders, which are settled natively on-chain.

The HYPE token recently reached a record high of $50.99, fueled by the platform's rapid growth and unique approach to decentralized finance. Hyperliquid combines spot trading, perpetuals, token issuance, and application development into a vertically integrated system. This complete operating stack sets it apart from competitors.

BitGo's integration of HyperEVM, Hyperliquid’s Ethereum-compatible smart contract layer, further strengthens the platform's credibility. This integration provides institutions with secure access to Hyperliquid assets, including qualified custody, secure wallets, and advanced policies. BitGo's support reflects the increasing institutional participation in DeFi and innovative blockchain ecosystems.

Hyperliquid's success is also reflected in its trading volumes, which have surpassed those of traditional platforms like Robinhood. In July, Hyperliquid's combined spot and perpetual volume reached $330.8 billion, compared to Robinhood's $237.8 billion. The platform's efficiency is further underscored by its high revenue per employee.

The launch of the 21Shares Hyperliquid ETP signifies the increasing acceptance and understanding of blockchain's value proposition. It provides a secure, regulated, and accessible way for investors to engage with Hyperliquid, bridging the gap between decentralized finance and traditional financial markets. 21Shares, known for launching the world's first physically-backed crypto ETP, offers a comprehensive suite of crypto products, making crypto investing more accessible.