CoinShares Launches Hyperliquid Staking ETP with 0% Management Fee and 0.5% Yield
Europe's leading digital asset manager brings institutional-grade access to Hyperliquid, the protocol redefining hybrid finance
24 February 2026 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" or "the Group") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a global leading asset manager specialising in digital assets and European leader, today announced the launch of the CoinShares Physical Hyperliquid Staking ETP, providing investors with regulated, institutional-grade exposure to Hyperliquid's native HYPE token at 0% management fee with a 0.5% annual yield.
The launch reflects CoinShares' commitment to building investment products around protocols that demonstrate exceptional fundamentals and advance the firm's hybrid finance investment thesis — the convergence of decentralised innovation with institutional-grade infrastructure.
Product Details
- Product Name: CoinShares Hype ETP
- Ticker: LIQD
- ISIN: GB00BVBJQ593
- Exchange: Xetra
- Management Fee: 0%
- Staking Yield: 0.5% p.a.
- Backing: 100% physically backed
Why Hyperliquid: The Data Behind the Conviction
Hyperliquid has emerged as the leading decentralised perpetual futures exchange, processing over $3 trillion in trading volume and capturing approximately 70% of on-chain perpetual futures market share. The protocol has achieved what many considered impossible: matching — and in some cases exceeding — the performance metrics of centralised exchanges while maintaining fully decentralised execution.
Key performance indicators supporting CoinShares' investment thesis include:
- $3.8 trillion in perpetual futures trading volume
- 30% market share of on-chain derivatives trading
- 41% seven-day price appreciation during a period when Bitcoin declined 38% from its October 2025 peak
- Ripple Prime integration (4 February 2026), providing 300+ institutional clients access to on-chain perpetuals — the first institutional prime brokerage integration for any decentralised exchange
Hyperliquid's performance during the current market correction has led analysts to characterise HYPE as a "defensive play" within digital assets, demonstrating resilience typically associated with traditional safe-haven sectors. The main reason for this characterisation is how HYPE is benefiting from volatile periods through trading fee revenues.
Hybrid Finance in Practice
Jean-Marie Mognetti, CEO and Co-Founder at CoinShares, commented:
"CoinShares builds products around protocols we believe in. Hyperliquid represents exactly the kind of infrastructure we've anticipated since we launched the world's first Bitcoin ETP in 2015: decentralised systems performing at institutional scale, with the transparency and composability that traditional finance cannot replicate. The future isn't TradFi versus DeFi. It's hybrid finance, the best of both worlds. Hyperliquid exemplifies this convergence, and our Hype ETP gives investors a regulated pathway to participate."
James Butterfill, Head of Research at CoinShares, added:
"Our approach has always been to develop products for projects we genuinely believe in and have a sound fundamental investment thesis. Hyperliquid's fundamentals speak for themselves: it has matched centralised exchange volumes while remaining fully on-chain. The 0% management fee and 0.5% yield structure reflects our confidence in this protocol's long-term positioning."
About CoinShares
CoinShares is a leading global digital asset manager that delivers a broad range of financial services across investment management, trading, and securities to a wide array of clients that include corporations, financial institutions, and individuals. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK, and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit: Company | +44 (0)1534 513 100 | Investor Relations | +44 (0)1534 513 100 |
Press Contact
CoinShares
Benoît Pellevoizin
M Group Strategic Communications
Peter Padovano
