21shares

According to Crypto Briefing, the U.S. Depository Trust & Clearing Corporation (DTCC) has added 21Shares' Polkadot Staking ETF to its listing, with the code TDOT, marking the official entry of this product into the U.S. ETF ecosystem. Meanwhile, 21Shares has renamed the fund from its original name "21Shares Polkadot ETF" to "21Shares Polkadot Staking ETF," with this change taking effect on August 27, 2026.This name change is not just a superficial adjustment; the term "Staking" clearly communicates the product mechanism to institutional investors: the fund holds DOT tokens, stakes 40% to 95% of its holdings through network validators, and distributes earnings to shareholders on a quarterly basis. The current staking yield is 2.04%, with a management fee of 0.3%, and custody is jointly handled by Anchorage Digital, BitGo, and Coinbase. The ETF was listed on Nasdaq on March 6, 2026, with initial seed funding of approximately $11 million, and as of the end of August, the assets under management are approximately $7.5 to $7.9 million.

The 21Shares report shows that Solana is advancing two governance proposals, SIMD-550 and SIMD-553, which may significantly change the SOL holding economic model in the next two years.SIMD-550 proposes to increase Solana's annual inflation reduction rate from 15% to 30%, allowing it to reach a terminal inflation rate of 1.5% more quickly, with nominal staking yields expected to drop to about 2.25% within three years.SIMD-553 was approved and merged on July 20, and will introduce a destruction fee for compute unit requests, increasing the daily SOL burn amount from about 600-800 to about 7500-9000.The report believes that although the decline in staking income will directly affect the earnings of validators and stakers, a lower issuance combined with a higher burn rate may improve the long-term supply and demand structure of SOL, and could drive some capital towards the decentralized finance ecosystem on the Solana chain.

21Shares posted on platform X that the Bitcoin seller exhaustion indicator is currently about 0.007, which is in the lowest 0.3% range of all readings since 2010. This indicator has only reached such a low level 11 times in history, and in all previous cases, the price increased one year later, with a median increase of 155%.The institution pointed out that this is not necessarily a bottom judgment, as past cases have indeed shown some short-term declines before the final turnaround.

According to Protos, the latest disclosure from 21Shares' Polkadot ETF (TDOT) shows that in the second quarter of 2026, for every $1 in distribution income generated through the sale of DOT tokens to pay staking rewards, there was an accompanying realized loss of approximately $4.52.According to regulatory documents, TDOT sold 98,505 DOT in the second quarter, generating about $107,500 in cash to pay staking rewards to shareholders. However, due to a significant drop in DOT prices, these sales confirmed a loss of approximately $485,600.Data shows that DOT fell by about 34% in the second quarter of 2026, with a cumulative decline of 76% over the past 12 months as of June 30. Since TDOT shareholders receive distributions in USD rather than directly receiving DOT staking rewards, the fund needs to sell DOT to convert to cash payments, thereby locking in losses in a low-price environment. In the second quarter, TDOT paid shareholders a cumulative distribution of approximately $0.14698 per share, but during the same period, the fund's share price dropped from $14.95 to $9.86, a decline of about 34%, and the staking rewards did not offset the losses caused by the decline in asset prices.

According to SoSoValue data, yesterday (Eastern Time July 31), the HYPE spot ETF had a total net outflow of $1.8305 million in a single day.Yesterday, only the 21Shares Hyperliquid ETF (THYP) experienced a net outflow, with a single-day net outflow of $1.8305 million, and the historical total net inflow currently stands at $49.7753 million.As of the time of writing, the total net asset value of the HYPE spot ETF is $246 million, with a net asset ratio of 2.09%, and the historical cumulative net inflow has reached $278 million.

According to SoSoValue data, yesterday (Eastern Time July 17), the HYPE spot ETF had a total net outflow of $5.4543 million.The HYPE spot ETF with the highest net outflow yesterday was the Bitwise Hyperliquid ETF (BHYP), with a net outflow of $3.3698 million for the day, currently having a historical total net inflow of $124 million.Next was the 21Shares Hyperliquid ETF (THYP), with a net outflow of $2.0845 million for the day, currently having a historical total net inflow of $52.9628 million.As of the time of publication, the total net asset value of the HYPE spot ETF is $30.6 million, with a HYPE net asset ratio of 2.31%, and the historical cumulative net inflow has reached $301 million.

According to SoSoValue data, yesterday (Eastern Time July 10), the total net inflow of the SOL spot ETF was $150,500.Yesterday, only the 21Shares Solana ETF (TSOL) had a net inflow, with a single-day net inflow of $150,500, and the historical total net outflow has reached $102 million.As of the time of writing, the total net asset value of the SOL spot ETF is $901 million, with a net asset ratio of 1.99%, and the historical cumulative net inflow has reached $1.136 billion.

According to SoSoValue data, yesterday (Eastern Time July 10), the total net inflow of the XRP spot ETF was $107,400.Yesterday, only the 21Shares XRP ETF (TOXR) had a net inflow, with a single-day net inflow of $107,400, and the historical total net outflow has reached $20,059,200.As of the time of writing, the total net asset value of the XRP spot ETF is $997 million, with an XRP net asset ratio of 1.45%, and the historical cumulative net inflow has reached $1.48 billion.

According to SoSoValue data, yesterday (Eastern Time July 10), the HYPE spot ETF had a total net outflow of $5.7251 million.The HYPE spot ETF with the highest net outflow yesterday was the Bitwise Hyperliquid ETF (BHYP), with a net outflow of $3.7774 million, and the historical total net inflow currently stands at $131 million.Following that is the 21Shares Hyperliquid ETF (THYP), with a net outflow of $1.9477 million, and the historical total net inflow currently stands at $55.0473 million.As of the time of writing, the total net asset value of the HYPE spot ETF is $351 million, with a HYPE net asset ratio of 2.35%, and the historical cumulative net inflow has reached $309 million.

According to SoSoValue data, last week's trading days (Eastern Time June 22 to June 26) saw a net inflow of $111 million into HYPE spot ETFs.The HYPE spot ETF with the highest net inflow last week was the Greyscale ETF HYPG, with a weekly net inflow of $114 million, bringing the historical total net inflow for HYPG to $123 million. The HYPE spot ETF with the highest net outflow last week was the 21Shares ETF THYP, with a weekly net outflow of $1.4604 million, and the historical total net inflow for THYP currently stands at $60.01 million.As of the time of writing, the total net asset value of HYPE spot ETFs is $324 million, with an ETF net asset ratio (market value compared to the total market value of HYPE) reaching 2.28%, and the historical cumulative net inflow has reached $294 million.

According to The Block, asset management firm 21Shares stated in its latest semi-annual report that the current pullback trend of Bitcoin is "generally similar" to previous performances after halving, and provided a benchmark price expectation of around $100,000 by the end of the year.The report pointed out that Bitcoin fell back after reaching a high of about $126,000 in October 2025, currently around $62,000, still significantly higher than the average cost of all investors at about $54,000, and has not yet fallen below that cost range.21Shares believes this indicates that the current pullback is milder compared to previous cycles, with market funds being more sticky; meanwhile, the global cryptocurrency ETPs manage about $140 billion in assets, holding approximately 1.25 million BTC, which has only dropped about 8% from previous highs, mainly affected by price fluctuations rather than large-scale redemptions.

According to Coindesk, former 21Shares co-founder Ophelia Snyder stated that there is a significant communication misalignment between the crypto industry and traditional finance regarding the issue of tokenization.Snyder pointed out that current discussions mostly focus on the settlement speed of blockchain and the ability to transfer assets, but overlook the operational processes from trade execution to final settlement. She believes that tokenization projects are feasible in small-scale tests, but face enormous challenges in supporting the massive flow of funds in the U.S. capital markets.The main difficulties include: how to integrate tokenized assets into existing ledger systems, compliance processes, and regulatory reporting frameworks, as well as how to adjust the risk management framework to accommodate round-the-clock trading. Additionally, many third-party software solutions relied upon by financial institutions have yet to support blockchain-native transactions.She stated that the real challenges will become apparent when institutions incorporate tokenized infrastructure into their core business pathways. The industry is still in the pilot phase, and there is still a long way to go before large-scale implementation.

Grayscale submitted its S-1 amendment for the Hyperliquid Staking ETF, proposing to set the fund management fee at 0.29%, with the code HYPG. This rate is lower than similar products already launched by Bitwise and 21Shares. Among them, Bitwise's BHYP has a first-month fee rate of 0%, followed by 0.34%; 21Shares' THYP fee is 0.3%. Bloomberg ETF analyst James Seyffart stated that Grayscale's fund is expected to launch as soon as this week. If successfully launched, HYPG will become the third Hyperliquid-related ETF.

According to official news, 21Shares announced the launch of an actively managed crypto ETF, code TKNS. The fund is managed by a professional team and aims to capture market opportunities and outperform passive index funds. The portfolio manager will adjust holdings based on market conditions to balance long-term goals with short-term opportunities. The fund operates like a standard stock ETF, with simplified tax reporting, and is currently tradable on certain brokerage platforms.

According to Cointelegraph, the first U.S. Hyperliquid ETF under 21Shares attracted a net inflow of $1.2 million on its first day of trading.

According to The Block, the Hyperliquid ETF (THYP) under the crypto asset management company 21Shares was officially listed on Tuesday, with a trading volume of $1.8 million on its first day. Bloomberg ETF analyst James Seyffart commented that it was "very robust, far better than the typical ETF first-day performance."It is reported that THYP is the first ETF product that tracks the Hyperliquid (HYPE) spot, allowing investors to gain exposure to HYPE tokens without directly holding the tokens. 21Shares stated that it plans to stake its held HYPE assets in the future. Additionally, Bitwise and Grayscale are also applying for HYPE-related ETF products.

According to official news, 21 Shares US announced that its Hyperliquid ETF (THYP) will be launched on May 12, 2026, Eastern Time.According to the prospectus, THYP is a passive spot HYPE ETF aimed at tracking the performance of the FTSE Hyperliquid Index and plans to pledge part of its HYPE holdings under controllable compliance and tax risks.

According to CoinDesk, 21Shares Chief Investment Officer Adrian Fritz stated that the spot Bitcoin ETF continues to attract inflows, reinforcing Bitcoin's core position in institutional asset allocation, even as prices remain fluctuating below $80,000. Adrian Fritz pointed out that since the beginning of this year, Bitcoin ETFs have accumulated nearly $2 billion in funds, with sources including retail investors, institutions, and hedge fund arbitrage and options strategy trading.As traditional asset management institutions like Morgan Stanley accelerate their layouts, crypto assets are being more widely incorporated into multi-asset portfolio allocations. Bitcoin's current daily trading volume has exceeded $50 billion, and liquidity levels are approaching those of large tech stocks like Nvidia. The ETF mechanism simultaneously provides liquidity in both primary and secondary markets, gradually giving it "institutional-grade asset" attributes.Although the market is still suppressed by macro and interest rate environments, Adrian Fritz believes that ETF inflows have shifted from being driven by speculation to structural demand. He expects that with improvements in geopolitical conditions, continued inflows, and short covering, Bitcoin is likely to challenge the $100,000 mark within the year. Meanwhile, the differentiation among altcoins is intensifying, and the market is shifting towards a logic of asset selection that emphasizes fundamentals and cash flow.

According to Bloomberg ETF analyst James Seyffart's disclosure on the X platform, 21Shares US has updated its filing for the Hyperliquid ETF, with the ETF code THYP.The document does not yet disclose information related to management fees. This filing update is suspected to be adjusted due to opinions and feedback from the U.S. Securities and Exchange Commission (SEC).

Strategy's preferred stock STRC landed on the UK trading platform Trading 212 on March 30, with an annualized yield of approximately 11.5%. However, UK investors holding STRC directly may face significant tax pressure. In the US, STRC's monthly dividends are classified as Return of Capital (ROC) and are not taxable; however, UK brokers typically classify them as foreign dividends, subject to income tax at the marginal dividend tax rate, with the basic rate taxpayer rate at 8.75% and high earners up to 39.35%. Additionally, capital gains tax (CGT) must be paid upon sale, resulting in an estimated actual net yield of only about 10%.Crypto analyst James Van Straten suggests that UK investors consider the 21Shares Strategy Yield ETP listed on the European exchanges in Amsterdam and Paris instead. This product has a zero management fee, employs an accumulating structure, and automatically reinvests earnings rather than distributing cash. Upon sale, it typically only incurs CGT, with no income tax burden, providing significantly better tax efficiency.