[21Shares Applies for ETF Tracking Hyperliquid Tokens] 21Shares has submitted an application to the U.S. Securities and Exchange Commission, proposing the launch of an exchange-traded fund (ETF) that tracks tokens from the Hyperliquid decentralized exchange. Hyperliquid is a decentralized platform focused on high-performance trading. This application marks 21Shares' further expansion of its crypto asset product line. If approved, the ETF will provide investors with an opportunity to gain exposure to Hyperliquid tokens and may also drive market attention to the token. (Decrypt)