CoinShares today announced the launch of the CoinShares Physical Hyperliquid Staking ETP, designed to provide investors with regulated exposure to the Hyperliquid native token, HYPE. The product, codenamed LIQD, is listed on the Xetra exchange, has a 0% management fee, an annualized staking yield of 0.5%, and is 100% physically staked. Hyperliquid, as a decentralized perpetual contract exchange, has processed over $3.8 trillion in trading volume, representing approximately 70% of the on-chain perpetual contract market share. CoinShares CEO Jean-Marie Mognetti stated that this product demonstrates the execution power of decentralized systems at institutional scale and reflects the hybrid finance trend of decentralized innovation converging with institutional-grade infrastructure.