Hyperliquid Price Aims for $50 as 21Shares Sparks HYPE ETF Interest

An Image Showing Hyperliquid

The price of Hyperliquid is currently trading around $47 as of October 29. With 21Shares' recent filing for an exchange-traded fund that tracks the HYPE token, there is potential for the price to move past the important $50 mark. This development comes at a time when the cryptocurrency market is responding positively to several spot ETF launches.

Key Takeaways

Hyperliquid trades around $47, with hopes of reaching $50 following a new ETF filing.
21Shares has filed an application for a Hyperliquid ETF, which has added excitement to the market.
Despite recent ETF introductions, the broader crypto market is experiencing limited price movement, but HYPE has seen a 30% increase this past week.
Future catalysts for HYPE could include new exchange listings and treasury strategy launches.

Update on Hyperliquid Price and ETF Activity

Currently priced at about $47, Hyperliquid is poised for potential gains following 21Shares’ application for a spot exchange-traded fund (ETF) linked to the HYPE token. This move could help push the price above the critical $50 threshold.

While the news of the ETF filing did not cause an immediate stir in the market, the HYPE token's current position near $47 indicates that a bullish run towards $50 is within reach.

The asset management company 21Shares submitted Form S-1 to launch a Hyperliquid ETF on October 29, which coincides with the crypto industry’s reception of multiple spot ETF launches.

NEW: $HYPE | @21shares has filed an S-1 for @HyperliquidX ETF. pic.twitter.com/AAz4ymhdZk — crypto.news (@cryptodotnews) October 29, 2025

Market Overview and Hyperliquid Price Trends

Following the recent spot ETF launches involving cryptocurrencies like Solana, Litecoin, and Hedera, prices of their native tokens (SOL, LTC, and HBAR) did not experience significant upticks, primarily due to Bitcoin and Ethereum's lackluster performance. The stock market saw a rally, particularly with Nvidia achieving a market cap of over $5 trillion; however, this positivity did not translate to BTC and other altcoins.

Reflecting these market conditions, Hyperliquid faced some resistance at the $49.31 mark and dipped to lows of $46.29. Data from crypto.news indicates that HYPE has still managed to increase by 30% over the past week, showing its resilience.

Despite a slower market reaction post ETF launches by Bitwise, Grayscale, and Canary, analysts remain optimistic. Initial trading volumes have been encouraging, hinting at future positive movements in response to upcoming launches.

The recent S-1 registration with the SEC for Hyperliquid builds on a similar application from Bitwise, while 21Shares had previously submitted an application for a leveraged HYPE ETF on October 17.

In addition to the ETF developments, Hyperliquid holds potential bullish factors, such as new exchange listings and the imminent launch of Hyperliquid treasury strategies, which could further enhance market enthusiasm.