According to Techub, the spot ETF of Layer1 network Hyperliquid commenced options trading on Nasdaq on June 22. Issued by 21Shares under the ticker THYP, it is the first HYPE token spot product listed in the United States, and the launch of options trading comes just six weeks after the ETF's initial listing.
Hyperliquid is a decentralized Layer1 blockchain focused on high-performance trading, particularly known for its perpetual contract trading. The newly introduced options product supports weekly and monthly option contracts, offering institutional investors strategies such as covered calls and protective puts. The ETF carries a management fee of 0.30% and integrates staking rewards, further enhancing its appeal.
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