Core Viewpoint - CoinShares has launched the CoinShares Physical Hyperliquid Staking ETP (code: LIQD) on the Xetra exchange, providing institutional-level exposure to the Hyperliquid native HYPE token with a management fee of 0% and an annual staking yield of 0.5%, fully backed by physical assets [1] Group 1 - CoinShares introduced a new product aimed at institutional investors, the CoinShares Physical Hyperliquid Staking ETP [1] - The ETP offers a management fee of 0%, which is attractive for investors looking to minimize costs [1] - The annual staking yield is set at 0.5%, providing a potential return for investors [1]

Core Insights - CoinShares has launched the CoinShares Physical Hyperliquid Staking ETP, providing institutional-grade exposure to Hyperliquid's HYPE token with a 0% management fee and a 0.5% annual yield [1][2] Group 1: Product Details - The CoinShares Hype ETP is listed on Xetra with the ticker LIQD and is 100% physically backed [7] - The product features a management fee of 0% and a staking yield of 0.5% per annum [7] Group 2: Market Position and Performance - Hyperliquid has processed over $3 trillion in trading volume, capturing approximately 70% of the on-chain perpetual futures market share [4] - During a market correction, HYPE has been characterized as a "defensive play," showing resilience with trading fee revenues [5] - Hyperliquid achieved a 41% price appreciation over seven days while Bitcoin declined by 38% from its peak in October 2025 [8] Group 3: Strategic Vision - CoinShares emphasizes the importance of building products around protocols with strong fundamentals, highlighting Hyperliquid as a key example of hybrid finance [2][6] - The firm believes in the convergence of decentralized systems with institutional-grade infrastructure, positioning Hyperliquid as a leader in this space [6]