Asset manager 21Shares plans to launch an ETF tracking Hyperliquid, a popular token and blockchain protocol. The company filed for the 21Shares Hyperliquid ETF with the SEC, naming Coinbase Custody and BitGo Trust as custodians. This move follows a similar filing from Bitwise last month for a Hyperliquid (HYPE) ETF.

US investors show interest in ETFs for volatile altcoins, with Bitwise’s Solana (SOL) ETF recording high trading volume on its second day. The Bitwise Solana Staking ETF (BSOL) also saw over $72 million in trading volume on its second day, a positive sign according to Bloomberg ETF analyst Eric Balchunas.

Grayscale Investments joins the ETF race with its staking-enabled Grayscale Solana Trust ETF (GSOL), debuting on the same day as Bitwise’s BSOL. While GSOL saw $4 million in trading volume on debut, Balchunas noted it was less than BSOL. The competition between the two ETFs is heating up in the market.

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Bitcoin reaches new all-time high of $68,000 as institutional interest continues to grow. The cryptocurrency’s market cap surpasses $1.2 trillion, with analysts predicting further gains in the coming weeks. Ethereum also sees a surge, hitting $4,800 amidst positive market sentiment.

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El Salvador becomes the first country to adopt Bitcoin as legal tender, leading to a surge in cryptocurrency adoption and investment. President Nayib Bukele’s decision is met with both praise and criticism, as the nation aims to boost its economy and financial inclusion through digital assets.

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Tesla CEO Elon Musk announces plans to build a new Gigafactory in Texas, with a focus on producing the Cybertruck and Model Y vehicles. The facility is expected to create thousands of jobs and further solidify the company’s presence in the electric vehicle market.

Cointelegraph: 21Shares Bids for HYPE ETF as Bitwise Solana ETF Has Big Day