HYPE ETF Frenzy: 21Shares Leads the DeFi Charge with Hyperliquid

HYPE ETF 狂潮：21Shares 憑藉 Hyperliquid 引領 DeFi 潮流

21Shares is diving headfirst into the DeFi world with its Hyperliquid (HYPE) ETF filings. This move signals a major shift in institutional interest towards decentralized finance, with Hyperliquid taking center stage. Get ready for the HYPE!

21Shares 憑藉其 Hyperliquid (HYPE) ETF 申請，率先進軍 DeFi 領域。此舉標誌著機構興趣向去中心化金融的重大轉變，其中 Hyperliquid 佔據了中心舞台。準備好迎接炒作吧！

21Shares Expands Its DeFi Empire

21Shares 擴張其 DeFi 帝國

Asset manager 21Shares US LLC has been busy, filing for not one, but multiple ETFs focused on the DeFi space. The latest is the "21Shares Hyperliquid ETF," designed to track the US dollar price performance and staking yield of HYPE, the native token of the Hyperliquid network. This follows their earlier filing for a 2x Long HYPE ETF and a spot Injective (INJ) ETF, showing they're serious about DeFi.

資產管理公司 21Shares US LLC 一直很忙，申請了不止一隻，而是多只專注於 DeFi 領域的 ETF。最新的是“21Shares Hyperliquid ETF”，旨在跟踪 Hyperliquid 網絡的原生代幣 HYPE 的美元價格表現和質押收益率。在此之前，他們早些時候申請了 2 倍多頭 HYPE ETF 和現貨注入 (INJ) ETF，表明他們對 DeFi 很認真。

The HYPE ETF aims to provide institutional investors with exposure to HYPE's market performance and staking rewards, minus the usual fees and liabilities. With Coinbase Custody and BitGo Trust handling secure cold storage, it's a serious play.

HYPE ETF 旨在為機構投資者提供 HYPE 的市場表現和質押獎勵，並減去通常的費用和負債。 Coinbase Custody 和 BitGo Trust 負責安全冷存儲，這是一場嚴肅的比賽。

What's the HYPE About HYPE?

炒作是什麼？炒作是什麼？

According to the filing, the ETF will passively track HYPE's price using data from major exchanges, without leverage or derivatives. 21Shares might even stake a portion of the fund's HYPE, provided regulations allow. The ETF's structure, including a “HYPE Counterparty” for share creation and redemption, mirrors existing Bitcoin and Ethereum ETFs, making it a familiar setup for traditional investors.

根據文件，該 ETF 將使用主要交易所的數據被動跟踪 HYPE 的價格，無需槓桿或衍生品。如果法規允許，21Shares 甚至可能持有該基金 HYPE 的一部分。該 ETF 的結構，包括用於股票創建和贖回的“HYPE 交易對手”，反映了現有的比特幣和以太坊 ETF，使其成為傳統投資者熟悉的設置。

Leveraged HYPE: A Double Dose of DeFi

槓桿炒作：雙倍劑量的 DeFi

But wait, there's more! 21Shares also filed for a 2x Long HYPE ETF, aiming to double the daily returns of HYPE. If approved, this would be the first US-listed leveraged ETF tracking a live DeFi protocol, using derivatives instead of direct token holdings. Talk about high-stakes!

但是等等，還有更多！ 21Shares 還申請了 2 倍多頭 HYPE ETF，旨在將 HYPE 的每日回報率提高一倍。如果獲得批准，這將是第一個在美國上市的槓桿 ETF，跟踪實時 DeFi 協議，使用衍生品而不是直接持有代幣。談論高風險！

HYPE Price Check: To the Moon or Back to Base?

HYPE 價格檢查：前往月球還是返回基地？

Currently, HYPE is trading around $49.38, showing some bullish momentum. Analysts suggest a daily close above the $49–$50 resistance could pave the way to $55, or even $61. Support lies at $44, with stronger demand expected around $40. With the ETF filing, HYPE might just be the best crypto to buy in 2025!

目前，HYPE 交易價格約為 49.38 美元，顯示出一些看漲勢頭。分析師表示，每日收盤價高於 49 至 50 美元阻力位可能會為 55 美元甚至 61 美元鋪平道路。支撐位在 44 美元，預計需求將在 40 美元左右走強。隨著 ETF 備案，HYPE 可能成為 2025 年最值得購買的加密貨幣！

Thematic ETFs: A Growing Trend

主題ETF：增長趨勢

Bloomberg ETF analyst Eric Balchunas compared the 2x HYPE ETF filing to the early days of smart beta and currency-hedged ETFs. He noted that its niche nature could make it highly attractive to certain traders, highlighting the growing traction of thematic ETFs in today’s financial markets.

彭博 ETF 分析師 Eric Balchunas 將 2 倍 HYPE ETF 備案與早期的 smart beta 和貨幣對沖 ETF 進行了比較。他指出，其利基性質可能使其對某些交易者極具吸引力，凸顯了主題 ETF 在當今金融市場中日益增長的吸引力。

The Bigger Picture: DeFi's Mainstream Moment

大局觀：DeFi 的主流時刻

21Shares isn't alone in this DeFi push. Other asset managers like Bitwise and VanEck have also applied for Hyperliquid-based ETFs. This surge of interest signals a broader shift toward decentralized finance, as asset managers recognize the potential of DeFi protocols. The success of these ETFs could pave the way for even more DeFi-focused financial products.

21Shares 並不是唯一推動 DeFi 發展的公司。 Bitwise 和 VanEck 等其他資產管理公司也申請了基於 Hyperliquid 的 ETF。隨著資產管理公司認識到 DeFi 協議的潛力，這種興趣的激增標誌著更廣泛的向去中心化金融的轉變。這些 ETF 的成功可能為更多以 DeFi 為重點的金融產品鋪平道路。

Final Thoughts: Buckle Up, Buttercup!

最後的想法：係好安全帶，毛茛！

The HYPE ETF saga is just beginning, and 21Shares is clearly positioning itself as a leader in bringing DeFi to the masses. Whether you're a seasoned crypto trader or a curious investor, the world of DeFi ETFs is about to get a whole lot more interesting. So, grab your popcorn and get ready for the ride – it's gonna be wild!

HYPE ETF 傳奇才剛剛開始，21Shares 顯然將自己定位為將 DeFi 帶給大眾的領導者。無論您是經驗豐富的加密貨幣交易者還是好奇的投資者，DeFi ETF 的世界都將變得更加有趣。所以，帶上你的爆米花，準備好踏上旅程吧——這將是一場瘋狂的旅程！