Bitwise’s Hyperliquid ETF starts trading Friday as HYPE rallies on Coinbase’s USDC deployer role and rising ETF demand.

21shares launched THYP to give U.S. investors spot exposure to HYPE with integrated staking rewards. The ETF recorded $1.8 million in first-day trading

Coinbase will manage USDC liquidity on Hyperliquid, deepening ties with one of crypto’s fastest-growing trading platforms.

Bitwise’s Hyperliquid ETF starts trading Friday as HYPE rallies on Coinbase’s USDC deployer role and rising ETF demand.

HYPE surges to a yearly high of $46.93 as Hyperliquid partners with Coinbase and Circle to integrate USDC.