THYP ETF sees $1.8M in volume on first day, 'decent' for a new launch

The Hyperliquid (THYP) ETF from 21Shares recorded approximately $1.8 million in trading volume on its first day. Bloomberg ETF analyst James Seyffart noted that while this is a decent level for a typical new ETF launch, it does not represent an explosive success. Meanwhile, the industry is watching for the possibility that Bitwise could be the next to launch a Hyperliquid ETF.