PANews reported on May 12 that 21Shares US announced on its X platform that the 21Shares Hyperliquid ETF will launch on May 12, 2026, under the ticker symbol THYP. The company cautioned that "this fund is not registered under the Investment Company Act of 1940 and is not regulated by that act, unlike most ETFs or mutual funds. Investing in THYP involves significant risks and high volatility and is not suitable for investors who cannot afford to lose their entire investment. THYP does not directly invest in HYPE."