TLDRThe 21Shares Hyperliquid ETF recorded a rapid increase in daily trading volume within days of its launch.The ETF’s turnover rose from about $1.8 million on its first day to nearly $14.08 million.The surge represents a 682% increase in trading activity over a short period.Bloomberg analyst Eric Balchunas said the growth reflects strong organic investor demand.The ETF’s share price has climbed more than 20% since its launch, rising above $28.The fund provides direct exposure to the Hyperliquid ecosystem through HYPE token backing.The 21Shares, Hyperliquid ETF has recorded a sharp rise in trading activity within days of its debut. Daily turnover climbed to about $14.08 million, up from roughly $1.8 million on launch day. The ETF has also posted a price gain of over 20% since it began trading.21Shares, Hyperliquid ETF Trading Volume Jumps After LaunchBloomberg ETF analyst Eric Balchunas highlighted the rapid growth in trading volume in a recent post. He said the increase reflects strong organic demand from market participants.The Hyperliquid ETF $THYP is growing volume each day since launch in the tens of millions now, 8x over Day One, which is really good sign of organic interest. It also went up 20% right out of the gate, that def helps the cause. Now can someone pls pass me a glow stick. pic.twitter.com/vwNpxieAsK— Eric Balchunas (@EricBalchunas) May 20, 2026The ETF launched on May 12 with an opening-day volume of about $1.8 million. Trading activity has since risen to around $14.08 million per day.This represents a 682% increase in turnover over a short period. The rise shows continued investor engagement rather than a short-term spike.Balchunas stated that higher volume supports improved liquidity for the ETF. He added that sustained trading activity often indicates stable investor interest.The ETF initially trailed other crypto-linked launches in early volume. Bitwise’s Solana Staking ETF recorded about $56 million on its first day.Despite this gap, market participants viewed the debut as a solid start. Volume growth in the following days has strengthened that view.The ETF’s share price has also moved higher since launch. It rose 20.39% from about $23.49 to above $28.28.Hyperliquid Ecosystem Gains Attention as Institutional Interest GrowsThe 21Shares Hyperliquid ETF provides exposure to the Hyperliquid ecosystem. Each share is backed by HYPE tokens held by the issuer.21Shares set the ETF’s management fee at 0.30%. This rate is slightly lower than Bitwise’s competing product at 0.34%.Hyperliquid has gained traction in the crypto derivatives market. The platform leads in on-chain perpetual futures trading activity.The HYPE token currently ranks among the top cryptocurrencies by market value. It holds an estimated valuation of $12.95 billion.Institutional interest has also expanded in the ecosystem. Goldman Sachs recently disclosed a position linked to Hyperliquid.The bank acquired 654,630 shares of Hyperliquid Strategies Inc. The purchase was valued at about $3.3 million at the time.Hyperliquid Strategies is a Nasdaq-listed digital asset treasury firm. It focuses on investments tied to the Hyperliquid ecosystem.Goldman Sachs reduced exposure to XRP and Solana before this move. The filing shows a shift toward assets linked to Hyperliquid. At the time of writing, the ETF continues to record daily trading volumes near $14 million.The post 21Shares Hyperliquid ETF Hits $14M Volume Days After Debut appeared first on Blockonomi.