THYP There It Is Again: 21Shares Files Fresh Hyperliquid ETF Application

21Shares is back at it again, dusting off the SEC rejection letters and taking another crack at the approval lottery. They've filed an updated application for a Hyperliquid ETF, slapping it with the ticker $THYP—because nothing says "please God let this one through" quite like a fresh filing.

The update dropped on Tuesday, and wouldn't you know it, they actually seem to have read the SEC's feedback this time. Fees? Still a mystery. Because nothing gets regulators more excited than playing 20 questions with undisclosed expense ratios.

This revised submission nudges the Hyperliquid ETF one agonizing step closer to the holy grail: regulatory blessing and a potential debut on US markets. The dream lives on, barely.

21Shares, the digital asset investment products provider that's basically making a career out of waiting rooms, has been grinding through the SEC's approval labyrinth for crypto and blockchain-focused exchange-traded products. They've got more filing cabinets than a government agency at this point.

Will the SEC finally swipe right this time, or is 21Shares doomed to remain in the friend zone forever? Place your bets, degens.