HYPE ETF: A Leveraged Leap into DeFi Madness! 🚀💸
With a flourish of bureaucratic bravado, 21Shares has petitioned the U.S. Securities and Exchange Commission (SEC) for its 21Shares 2x Long HYPE ETF. This audacious fund aspires to deliver twice the daily returns of Hyperliquid, offering a gilded gateway to the DeFi token. Should it receive approval, it would be the first U.S.-listed leveraged ETF to track the fees and perpetual market performance of a live DeFi protocol-a feat as remarkable as it is dubious. 🏛️✨