OMG, Crypto’s Newest ETF: HYPE or Hybernating? 🤑🚀

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Oh, lordy, here we go again: Asset manager 21Shares US LLC, those sneaky devils, have slipped another S-1 onto the SEC’s desk for this “21Shares Hyperliquid ETF,” which is basically their way of saying, “Hey, let’s stalk the US dollar price and staking yield of HYPE, that shiny token from the Hyperliquid network.” Because nothing says ‘fun’ like financial stalking, right? 🙄

This filing is hot on the heels of 21Shares’ DeFi fever dream-first they pounced on Injective (INJ), and now they’re out for blood with leveraged HYPE exposure. It’s like watching a cat chase its tail, but with more zeros and fewer furballs.

21Shares: DeFi’s Expanding Circus Troup

This Hyperliquid ETF, dressed up as a Delaware statutory trust (because who doesn’t love a good trust fall?), promises institutional investors a front-row seat to HYPE’s price swings and staking rewards, all minus the messy management fees and the existential dread of holding assets in 2025. 😏

Coinbase Custody and BitGo Trust are babysitting the fund’s HYPE stash in cold storage-think Fort Knox, but with fewer gold bars and more digital gremlins.

HYPERLIQUID ETF filed by 21Shares!$HYPE is the youngest crypto asset to have an ETF application

Another W for the .hls

– gum (@0xGumshoe) October 29, 2025

According to this paperwork-or as I like to call it, the SEC’s bedtime story-the ETF skips leverage or derivatives like my ex skips responsibilities. Instead, it passively lurks on data from big exchanges, tracking HYPE like a creepy ex-partner. And get this: They might stake some HYPE tokens through “vetted” providers or liquid staking tokens, provided the regs get their act together. 🎢

Shares get created and redeemed via authorized participants swapping HYPE or cash, with a “HYPE Counterparty” lurking like a bouncer at a club. Sound familiar? It’s the Bitcoin and Ethereum ETF remix, but with more sass.

This piggybacks on 21Shares’ October romp for a 2x Long HYPE ETF-leveraged returns for twice the daily drama, using derivatives because why hold tokens when you can gamble? If it clears, it’d be the first US leveraged ETF nose-diving into a live DeFi protocol. Oh, and they dipped into a spot Injective (INJ) ETF earlier this month too. Busy bees! 🐝

🚨 BREAKING: 21Shares just filed for a new $INJ ETF.

This is a major signal of growing institutional interest, making $INJ one of the few digital assets with multiple ETF products in progress.@21Shares is among the world’s largest exchange traded product issuers.

– Injective 🥷 (@injective) October 20, 2025

HYPE Price: The Great Breakout or Just Another Nap? 💸

HYPE’s lounging at about $49.38, up 3.5% today-cue the Bollinger Bands flapping wider than my aunt’s Christmas sweater. RSI at 62.5 whispers of bullish aspirations, while the MACD histogram is basically a bar graph of “hype” itself, printing higher like my caffeine intake. 📈

HYPE price action with momentum indicators | Source: TradingView

The token’s back on the mid-Bollinger band and poking at resistance near $49-$50. A lucky daily close above that could slingshot it to the upper band at $55, and maybe even $61 if the gods of momentum are feeling generous. But hey, if it dips, support’s at $44, with a comfy zone around $40-let me tell you, mid-October feels like yesterday’s leftovers. Between this ETF buzz and my dubious financial wisdom, HYPE might just be the crypto darling of 2025. Or not. Place your bets! 🤔😂

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2025-10-29 17:27