21Shares Launches First Hyperliquid ETP on SIX Swiss Exchange

21Shares launches first Hyperliquid ETP on SIX Swiss Exchange, offering regulated institutional access to the leading decentralized perpetuals platform.

21Shares has introduced the world’s first exchange-traded product (ETP) tracking Hyperliquid (ticker: HYPE) on the SIX Swiss Exchange. The move is a major development in the growing world of decentralized finance. Hyperliquid is a fast-growing decentralized perpetuals exchange and this new product provides institutional investors with regulated exposure to Hyperliquid.

Hyperliquid Controls 80% of Decentralized Perpetuals Market

Since its launch in 2023, Hyperliquid has experienced strong momentum. In fact, it has registered more than $2.07 trillion in cumulative trading volume and has more than $8 billion in daily transactions. This makes up about 80% of the total decentralized perpetuals market. As a consequence, Hyperliquid has swiftly become a go-to figure in its sector.

Moreover, Hyperliquid is not a mere crypto exchange. It is at the intersection of three prominent financial trends: the ascent of crypto derivatives, the shift toward decentralized infrastructure, and the expansion of blockchain-native financial systems. These trends are thrusting the platform into the spotlight, attracting the notice of both developers and institutional investors.

In terms of performance, Hyperliquid is noted for several reasons. First, its tokenomics and revenue model are considered among the strongest in the crypto space. Over 95% of the protocol revenue generated is spent to buy back HYPE tokens daily, which drives long-term demand. To date, there have been more than $1 billion in buybacks.

In addition, more than $56 million is generated for the platform per month, making it self-sustaining. Notably, Hyperliquid has turned down venture capital funding and instead decided to allocate 76% of tokens to the community. Team tokens are locked until 2028, further reiterating long-term commitment.

Regulated Hyperliquid ETP Attracts Institutional Crypto Investors

The platform’s technology also sets a new benchmark for decentralized trading. Unlike many competitors, Hyperliquid is completely on-chain, with no off-chain matching systems, oracles or other external components. This form generates quicker and more consistent trades. With a trading volume more than 10 times its closest competitors, it is not only fast but also liquid. The platform also offers a one-click zero gas transaction feature that makes it as easy to use as centralized exchanges. Collaborations with wallets like Phantom wallet have helped extend its reach to users.

Moreover, Hyperliquid enables an end-to-end decentralized finance (DeFi) ecosystem. It uses the Hyperliquid Chain and HyperEVM and allows external developers to develop directly within the system. This integrated structure merges spot trading, perpetuals, token issuance, and application development all under a single hood. Such vertical integration means that Hyperliquid is able to control quality, security, and scalability across the entire platform.

Now that the HYPE ETP is listed on SIX Swiss Exchange, 21Shares is providing institutional investors with an opportunity to gain access to this cutting-edge DeFi platform via a regulated and familiar financial product. The move is regarded as a step forward in bridging traditional finance with decentralized innovation.

As the focus of financial institutions moves towards crypto for growth, regulated products such as HYPE can be a critical factor. They cater to investor needs for transparency and security, while providing access to powerful blockchain technologies. Therefore, the launch of this ETP may be a turning point for both Hyperliquid and the crypto investment market in general.