SPYX Tokenized ETF Debuts on Hyperliquid Spot: A New On-Chain S&P 500 Exposure

SPYX, the tokenized version of the SPDR S&P 500 ETF Trust (commonly known as SPY), has been listed on Hyperliquid spot. This listing brings a regulated, on-chain representation of the S&P 500 to the Hyperliquid ecosystem, allowing traders to gain traditional equity exposure without leaving the crypto space.

SPYX is issued by Backed and operates as a tracker certificate, pegged 1:1 to the underlying SPY ETF shares held by a regulated custodian. It is available on multiple blockchains, including Ethereum, Solana, Arbitrum, BNB Chain, and Toncoin, making it one of the most cross-chain accessible tokenized assets.

What Happened: SPYX Listing on Hyperliquid

On July 17, 2026, SPYX was added to Hyperliquid spot trading at a price of approximately $743.37. This listing follows the token's broader adoption across 69 active markets, with a 24-hour trading volume of $2.38 million at the time of the alert. The token's current supply is 216,609.35, and its price has seen a slight 24-hour decline of -1.43%.

The listing is significant because it provides Hyperliquid users with direct access to a tokenized S&P 500 ETF, bridging traditional finance and decentralized trading. SPYX is designed for non-U.S. persons and offers 24/5 trading, with weekend availability in development.

Token Snapshot: SPYX Metadata

• Symbol: SPYX
• Name: SP500 tokenized ETF (xStock)
• Category: Tokenized ETF, DeFi, Multi-Chain
• Platform: Ethereum (primary), also on Solana, Arbitrum, BNB Chain, Toncoin
• Contract Address (Ethereum): 0x90a2a4c76b5d8c0bc892a69ea28aa775a8f2dd48
• Total Supply: 216,609.35 (infinite supply model)
• Market Cap (self-reported): Not available; third-party data suggests ~$71M as of July 7, 2026
• Key Links: Website | Twitter | Telegram
• Tags: DeFi, Ethereum Ecosystem, Tokenized Stock, Solana Ecosystem, Arbitrum Ecosystem, BNB Chain Ecosystem, Toncoin Ecosystem, Internet Capital Markets, Tokenized Assets, Tokenized ETFs, xStocks Ecosystem

Risk Notes

SPYX is a tracker certificate, not a direct ETF share. It is designed for non-U.S. persons and may have regulatory restrictions. The token's value depends on the custodian's ability to maintain the 1:1 peg. Always verify the token contract address and use reputable exchanges.

Where to Trade

SPYX is now tradable on Hyperliquid spot. For automated trading and alerts, you can use our bot: Trade with our bot.