Article Summary

**21Shares Files Hyperliquid ETF Application as Crypto Fund Filings Surge to 90+** 21Shares has submitted an application for a Hyperliquid ETF to the U.S. Securities and Exchange Commission, adding to the growing wave of cryptocurrency investment products seeking regulatory approval. The SEC now faces over 90 pending filings from fund managers eager to launch altcoin ETF products, signaling massive institutional demand for diverse crypto exposure beyond Bitcoin. This surge in ETF applications represents a pivotal moment for the cryptocurrency market, as traditional finance continues embracing digital assets. Hyperliquid, a decentralized finance (DeFi) protocol, joins the expanding list of altcoins being considered for regulated investment vehicles. The growing number of filings demonstrates how fund managers are rushing to capitalize on increasing investor appetite for cryptocurrency diversification through traditional brokerage accounts. The flood of applications could significantly impact crypto adoption if approved, potentially bringing billions in institutional capital to altcoin markets. With the SEC processing numerous blockchain-based investment products simultaneously, the regulatory landscape for cryptocurrency ETFs continues evolving rapidly, potentially reshaping how investors access digital asset exposure.