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12 May 2026, 22:10

21Shares Hyperliquid ETF Records $1.8M in First-Day Volume; Analyst Calls It ‘Decent’

BitcoinWorld 21Shares Hyperliquid ETF Records $1.8M in First-Day Volume; Analyst Calls It ‘Decent’ The 21Shares Hyperliquid (THYP) exchange-traded fund (ETF) recorded approximately $1.8 million in trading volume on its first day of trading, according to market data. Bloomberg Intelligence ETF analyst James Seyffart characterized the figure as a decent start for a newly launched fund, though he noted it does not signal an explosive market debut. First-Day Performance in Context For context, a first-day volume of $1.8 million is considered respectable for a niche crypto ETF launch, especially one tracking an asset like Hyperliquid (THYP), which has a more focused investor base compared to major cryptocurrencies like Bitcoin or Ethereum. Seyffart’s assessment suggests the launch met moderate expectations without generating the kind of outsized demand seen with some high-profile crypto ETFs in recent years. Industry Implications and Next Moves The launch of the THYP ETF marks another step in the ongoing expansion of crypto-linked exchange-traded products. 21Shares, a well-known issuer in the digital asset space, continues to build out its product lineup. Meanwhile, market observers are watching for potential filings from other asset managers. Speculation has centered on Bitwise Asset Management as a possible next entrant, which could bring a Hyperliquid ETF to market, further broadening investor access to this digital asset. What This Means for Investors For retail and institutional investors, the debut of the THYP ETF provides a regulated vehicle to gain exposure to Hyperliquid without directly holding the underlying token. The moderate first-day volume suggests a cautious but present appetite for such products. The potential entry of Bitwise could increase competition and liquidity, potentially benefiting investors through tighter spreads and lower fees over time. Conclusion The 21Shares Hyperliquid ETF’s first-day volume of $1.8 million, while not a blockbuster, represents a solid foundation for a new product in a specialized segment of the crypto ETF market. With the industry now watching for a possible Bitwise filing, the Hyperliquid ETF landscape may see further development in the coming months. FAQs Q1: What is the THYP ETF? A: The THYP ETF, issued by 21Shares, is an exchange-traded fund that tracks the price of Hyperliquid (THYP), allowing investors to gain exposure to the digital asset through a traditional stock exchange. Q2: Is $1.8 million in first-day volume good for a new ETF? A: According to Bloomberg analyst James Seyffart, it is a decent figure for a typical new ETF launch, though it is not considered an explosive or extraordinary result. Q3: Will Bitwise also launch a Hyperliquid ETF? A: There is industry speculation that Bitwise Asset Management may be the next firm to file for a Hyperliquid ETF, though no official announcement has been made at this time. This post 21Shares Hyperliquid ETF Records $1.8M in First-Day Volume; Analyst Calls It ‘Decent’ first appeared on BitcoinWorld .

12 May 2026, 22:00

Unibase rallies 17% as Open Interest climbs: Is UB’s breakout sustainable?

Unibase prices surge by 17% as rising volume, open interest and short liquidations combine to strengthen bullish momentum toward the $0.18 level.

12 May 2026, 21:51

Bitcoin Holds Above $80,000 As US Senate Releases Clarity Act Draft

Bitcoin (BTC) traded firmly above the $80,000 mark on Tuesday, leading crypto assets in a relatively calm trading session following a strong week for the broader market. The steady price action came as renewed optimism spread across the crypto sector ahead of President Donald Trump’s anticipated visit to China and, more importantly, the release of

12 May 2026, 21:45

Silver Price Forecast: Bulls Target $90.00 as Momentum Accelerates

BitcoinWorld Silver Price Forecast: Bulls Target $90.00 as Momentum Accelerates Silver prices have surged in recent trading sessions, with technical indicators pointing toward a potential rally to the $90.00 level. Analysts are closely watching key resistance zones as bullish momentum builds across precious metals markets, driven by a combination of macroeconomic factors and shifting investor sentiment. Technical Setup Points to Higher Prices From a technical perspective, silver has broken above several short-term resistance levels, signaling a shift in market dynamics. The Relative Strength Index (RSI) has moved into bullish territory, while moving averages are beginning to converge in a pattern often associated with sustained upward trends. Traders are now eyeing the $90.00 mark as the next major psychological and technical target, a level not seen since the historic rally of 2011. Volume data shows increasing participation, suggesting that institutional interest is returning to the silver market. This is supported by a steady rise in open interest on futures exchanges, a classic confirmation of trend strength. What Is Driving the Silver Rally? The current silver rally is underpinned by several converging factors. First, a weakening US dollar has made dollar-denominated commodities more attractive to international buyers. Second, expectations of a more accommodative monetary policy from central banks, particularly the Federal Reserve, have reduced the opportunity cost of holding non-yielding assets like silver. Additionally, industrial demand for silver remains robust. The metal is a critical component in solar panels, electronics, and electric vehicle components. As global energy transition efforts accelerate, silver’s industrial footprint continues to expand, providing a fundamental demand floor beneath speculative buying. Geopolitical and Inflationary Pressures Ongoing geopolitical uncertainties and persistent inflation concerns have also driven safe-haven flows into precious metals. Silver, often seen as a more volatile counterpart to gold, tends to outperform during periods of heightened market anxiety. The current environment, characterized by trade tensions and fiscal uncertainty, has created fertile ground for precious metals bulls. Key Levels to Watch While the $90.00 target is now in focus, traders should be aware of intermediate resistance levels along the way. The $85.00 area represents a prior swing high that could attract selling pressure. A pullback to the $78–$80 zone would be considered a healthy correction within a broader uptrend, providing potential entry points for latecomers. On the downside, support is now established near $72.00, the level from which the latest rally originated. A break below this level would invalidate the bullish setup and suggest a return to range-bound trading. What This Means for Investors For long-term investors, the current momentum offers a compelling case for maintaining or increasing exposure to silver as a portfolio diversifier. The metal’s dual role as both a monetary asset and an industrial commodity gives it unique characteristics that can hedge against both inflation and supply-chain disruptions. However, silver’s volatility is well-documented. Short-term traders should manage risk carefully, using stop-loss orders and position sizing to navigate the inevitable pullbacks that accompany strong upward moves. Conclusion Silver’s technical and fundamental outlook has improved significantly in recent weeks, with bulls now targeting the $90.00 level. While the path higher may not be linear, the combination of dollar weakness, industrial demand, and safe-haven flows creates a supportive environment for further gains. Investors and traders alike should monitor key support and resistance levels closely as the market determines whether this rally has legs. FAQs Q1: Is $90.00 a realistic target for silver? A1: Yes, based on current technical momentum and historical precedent. Silver reached nearly $50.00 in 2011 and has traded above $40.00 in recent years. A move to $90.00 would require sustained buying and favorable macroeconomic conditions, but the setup is plausible. Q2: What are the main risks to the silver price forecast? A2: Key risks include a sharp reversal in the US dollar, a change in Federal Reserve policy toward tighter monetary conditions, or a sudden drop in industrial demand due to a global economic slowdown. Silver is also prone to sharp corrections after rapid rallies. Q3: How does silver compare to gold as an investment right now? A3: Silver offers higher upside potential due to its smaller market size and greater volatility, but it also carries more risk. Gold is typically a more stable store of value, while silver benefits from additional industrial demand drivers. Both can serve as hedges, but silver is better suited for investors with a higher risk tolerance. This post Silver Price Forecast: Bulls Target $90.00 as Momentum Accelerates first appeared on BitcoinWorld .

12 May 2026, 21:21

XRP Community Buzzes Over May 14 as Analyst Predicts Tremendous $20 Trillion Bullish Earthquake

A prominent market commentator has identified May 14 as a potentially game-changing date for Ripple's XRP.

12 May 2026, 21:10

CFTC Backs Kalshi, Says Federal Law Governs Prediction Markets

BitcoinWorld CFTC Backs Kalshi, Says Federal Law Governs Prediction Markets The U.S. Commodity Futures Trading Commission (CFTC) has formally intervened in a legal dispute in Ohio, filing a brief in support of prediction market platform Kalshi. The agency argues that Ohio’s attempt to classify Kalshi as an unlicensed sports betting operation improperly encroaches on federal regulatory authority over financial derivatives markets. Federal vs. State Jurisdiction The CFTC’s legal brief, filed in an Ohio court, contends that prediction markets fall under federal jurisdiction because they involve contracts traded across state lines. CFTC Commissioner Michael Selig stated that allowing individual states to regulate such markets would fragment oversight and undermine the agency’s mandate. “We will not allow excessive state government intervention to undermine our authority,” Selig said in a statement accompanying the filing. Broader Legal Landscape The Ohio case is not an isolated incident. The CFTC is currently engaged in similar regulatory disputes with several other states, including Wisconsin, Illinois, Arizona, and New York. These states have sought to classify certain event-based trading platforms as illegal gambling operations, while the CFTC maintains they are properly regulated financial products under the Commodity Exchange Act. Why This Matters for Market Participants The outcome of these cases could determine the regulatory framework for prediction markets nationwide. A patchwork of state-level regulations would create compliance challenges for platforms like Kalshi, potentially limiting access for traders in certain states. Conversely, a unified federal approach could provide clearer guidelines and foster innovation in event-based trading, which has grown in popularity for forecasting everything from election outcomes to economic indicators. Conclusion The CFTC’s active defense of its jurisdiction signals a commitment to maintaining a centralized regulatory framework for prediction markets. As the legal battles unfold, the decisions made in Ohio and other states will likely shape the future of this emerging asset class. Market participants should monitor these developments closely, as they will directly impact where and how such contracts can be traded. FAQs Q1: What is the core legal issue in the CFTC vs. Ohio case? The core issue is whether prediction markets like Kalshi are financial derivatives subject to federal regulation under the Commodity Exchange Act, or unlicensed sports betting subject to state law. Q2: Why is the CFTC intervening in a state court case? The CFTC argues that prediction market contracts are traded across state lines, making them inherently interstate commerce that falls under federal jurisdiction. The agency is intervening to prevent state laws from conflicting with federal regulatory authority. Q3: What could happen if states win the right to regulate prediction markets? A state-by-state approach could lead to a fragmented regulatory environment, where some states allow trading while others ban it. This would increase compliance costs for platforms and potentially reduce market liquidity and access for traders. This post CFTC Backs Kalshi, Says Federal Law Governs Prediction Markets first appeared on BitcoinWorld .