QQQX Tokenized ETF Debuts on Hyperliquid Spot: What Traders Need to Know

Nasdaq tokenized ETF (xStock) (QQQX) has been listed on Hyperliquid spot, bringing a tokenized version of the Invesco QQQ Trust to the decentralized exchange. This listing marks another step in bridging traditional finance with on-chain trading, offering crypto-native exposure to the Nasdaq-100 Index.

What Happened

QQQX is a blockchain-based tracker certificate designed to mirror the price of the Invesco QQQ Trust ETF, which tracks the Nasdaq-100 Index. The token is issued on multiple blockchains, including Ethereum (ERC-20), Solana (SPL), Arbitrum, BNB Chain, and Toncoin, making it a multi-chain asset. According to the token metadata, QQQX has an infinite supply and a current price of approximately $700.43 USD, up 0.53% over the last 24 hours. The token is trading on 53 active markets with a 24-hour volume of $748,283.09.

The listing on Hyperliquid spot at a price of $698.54 (as per the alert timestamp) provides traders with a new venue to access this tokenized ETF. The token is part of the xStocks ecosystem, which aims to merge traditional finance assets with crypto's 24/7 settlement and transparency.

Token Snapshot

• Symbol: QQQX
• Name: Nasdaq tokenized ETF (xStock)
• Current Supply: 209,821.10 tokens
• Last Known Price: ~$700.43 USD
• 24-Hour Change: +0.53%
• 24-Hour Volume: $748,283.09
• Active Markets: 53
• Platform: Ethereum (primary), with deployments on Solana, Arbitrum, BNB Chain, and Toncoin
• Tags: DeFi, Tokenized Stock, Tokenized ETFs, Ethereum Ecosystem, Solana Ecosystem, Arbitrum Ecosystem, BNB Chain Ecosystem, Toncoin Ecosystem, xStocks Ecosystem
• Infinite Supply: Yes

Risk Notes

Disclaimer: This token is a tracker certificate, not a direct equity holding. It may not perfectly track the underlying ETF due to market conditions, liquidity, and operational risks. The infinite supply means no fixed cap, which could impact price dynamics over time.

Traders should be aware that QQQX is a relatively niche asset with a market cap of approximately $32.39 million (per Brave search data) and a circulating supply of around 45,280 tokens. The token's price is tied to the Nasdaq-100 Index, but crypto market volatility and multi-chain fragmentation can introduce additional risks. Always conduct your own research before trading.

Where to Trade

QQQX is now tradable on Hyperliquid spot. For automated trading strategies, you can Trade with our bot.