21SHARES LISTS HYPERLIQUID SPOT ETF ON NASDAQ — HYPE TOKEN SURGES TO $41.5

21Shares has officially announced the listing of its Hyperliquid spot ETF, ticker THYP, on Nasdaq on May 12th — marking a landmark moment for one of crypto's most talked-about perpetual trading networks. The product gives brokerage clients regulated, managed exposure to HYPE, the native token of the Hyperliquid ecosystem, without requiring direct on-chain interaction. This is a significant step in bridging institutional-grade financial infrastructure with one of DeFi's fastest-growing trading venues.

The market reacted immediately. HYPE surged sharply following the announcement, pushing its price to $41.5 as traders priced in the weight of what a Nasdaq-listed spot ETF means for long-term demand. ETF listings of this nature have historically acted as sustained demand catalysts — not just short-term pumps — by opening the asset to an entirely new class of capital that previously had no compliant entry point.