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

HYPE ETF 狂潮：21Shares 凭借 Hyperliquid 引领 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 凭借其 Hyperliquid (HYPE) ETF 申请，率先进军 DeFi 领域。此举标志着机构兴趣向去中心化金融的重大转变，其中 Hyperliquid 占据了中心舞台。准备好迎接炒作吧！

21Shares Expands Its DeFi Empire

21Shares 扩张其 DeFi 帝国

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.

资产管理公司 21Shares US LLC 一直很忙，申请了不止一只，而是多只专注于 DeFi 领域的 ETF。最新的是“21Shares Hyperliquid ETF”，旨在跟踪 Hyperliquid 网络的原生代币 HYPE 的美元价格表现和质押收益率。在此之前，他们早些时候申请了 2 倍多头 HYPE ETF 和现货注入 (INJ) ETF，表明他们对 DeFi 很认真。

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 旨在为机构投资者提供 HYPE 的市场表现和质押奖励，并减去通常的费用和负债。 Coinbase Custody 和 BitGo Trust 负责安全冷存储，这是一场严肃的比赛。

What's the HYPE About HYPE?

炒作是什么？炒作是什么？

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.

根据文件，该 ETF 将使用主要交易所的数据被动跟踪 HYPE 的价格，无需杠杆或衍生品。如果法规允许，21Shares 甚至可能持有该基金 HYPE 的一部分。该 ETF 的结构，包括用于股票创建和赎回的“HYPE 交易对手”，反映了现有的比特币和以太坊 ETF，使其成为传统投资者熟悉的设置。

Leveraged HYPE: A Double Dose of DeFi

杠杆炒作：双倍剂量的 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，还有更多！ 21Shares 还申请了 2 倍多头 HYPE ETF，旨在将 HYPE 的每日回报率提高一倍。如果获得批准，这将是第一个在美国上市的杠杆 ETF，跟踪实时 DeFi 协议，使用衍生品而不是直接持有代币。谈论高风险！

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

HYPE 价格检查：前往月球还是返回基地？

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 交易价格约为 49.38 美元，显示出一些看涨势头。分析师表示，每日收盘价高于 49 至 50 美元阻力位可能会为 55 美元甚至 61 美元铺平道路。支撑位在 44 美元，预计需求将在 40 美元左右走强。随着 ETF 备案，HYPE 可能成为 2025 年最值得购买的加密货币！

Thematic ETFs: A Growing Trend

主题ETF：增长趋势

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 分析师 Eric Balchunas 将 2 倍 HYPE ETF 备案与早期的 smart beta 和货币对冲 ETF 进行了比较。他指出，其利基性质可能使其对某些交易者极具吸引力，凸显了主题 ETF 在当今金融市场中日益增长的吸引力。

The Bigger Picture: DeFi's Mainstream Moment

大局观：DeFi 的主流时刻

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 并不是唯一推动 DeFi 发展的公司。 Bitwise 和 VanEck 等其他资产管理公司也申请了基于 Hyperliquid 的 ETF。随着资产管理公司认识到 DeFi 协议的潜力，这种兴趣的激增标志着更广泛的向去中心化金融的转变。这些 ETF 的成功可能为更多以 DeFi 为重点的金融产品铺平道路。

Final Thoughts: Buckle Up, Buttercup!

最后的想法：系好安全带，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 传奇才刚刚开始，21Shares 显然将自己定位为将 DeFi 带给大众的领导者。无论您是经验丰富的加密货币交易者还是好奇的投资者，DeFi ETF 的世界都将变得更加有趣。所以，带上你的爆米花，准备好踏上旅程吧——这将是一场疯狂的旅程！