- Asset manager 21Shares launched two new Hyperliquid ETPs , providing regulated U.S. investors with exposure to the growing decentralized derivatives sector.
- The Hyperliquid protocol has over 50% of the open interest in the DeFi derivatives sector for perpetual futures, making it a major source of liquidity.
- With intraday sell-off, the Hyperliquid price is nearing a major support retest at $39.
The Hyperliquid price is down 4.75% during Tuesday’s U.S. market hours to trade at $40.07 . This sell-off followed Bitcoin’s 2% drop amid the escalating military tension between the U.S. and Iran and a higher than expected number on U.S. consumer price data for April. Despite the price drop investors, the HYPE coin is poised to witness a surge in institutional Inflows amid two exchanged traded funds, 21shares spot Hyperliquid ETP (THYP) and 21Shares 2x Long Hyperliquid ETF (TXXH).
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