Solana News Update: 21Shares Seeks HYPE Investment as Crypto ETFs Move Past Bitcoin
- 21Shares joins bidding for Hyperliquid's HYPE token stake amid crypto ETF expansion beyond Bitcoin and Ethereum. - Bitwise's Solana Staking ETF (BSOL) raised $217M on debut, highlighting institutional demand for 7%+ staking yields. - Growing traction in Solana ETFs signals shifting investor priorities toward high-yield blockchain assets and diversified crypto exposure. - Grayscale's upcoming Solana Trust ETF (GSOL) and SEC-approved staking models could redefine institutional access to blockchain assets.
21Shares, a leading name in the cryptocurrency ETF sector, is reportedly participating in the bidding for a share of Hyperliquid's HYPE token, based on recent institutional trading activity. This development comes as crypto-backed ETFs experience heightened interest, notably following Bitwise Asset Management's launch of the first U.S. spot
The impressive debut of the Solana ETF has established it as a significant player in the growing crypto ETF sector. While
Market observers are also monitoring 21Shares’ potential involvement with Hyperliquid’s HYPE token. The company’s possible move into the HYPE ETF market fits with its broader approach to diversify beyond Bitcoin and Ethereum, a direction accelerated by Solana’s staking success, according to
The wider cryptocurrency market continues to experience
Matt Hougan, CIO of Bitwise, described the Solana ETF as "a major institutional success," emphasizing the blockchain’s leading role in generating on-chain revenue, as reported by Benzinga. However, the ETF’s initial 1.04% discount to its net asset value—compared to the higher premiums seen in Bitcoin and Ethereum ETFs—has sparked debate about whether the market is ready for newer crypto assets, according to
As 21Shares and other companies compete to establish themselves in the next generation of crypto ETFs, the competition to attract institutional investment in tokens like HYPE and Solana highlights a changing environment. With the U.S. Securities and Exchange Commission approving more spot ETFs and staking models gaining popularity, the industry’s evolution may reshape how investors engage with blockchain assets, according to
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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