# Hyperliquid Strategies Shares Close 23% Higher; ICE Signs Trade[XYZ] Deal

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/44420
Published: 2026-10-30T08:34:48.000Z
Updated: 2026-10-30T08:34:48.000Z
Section: Business

> The exchange and Trade[XYZ] plan a regulated U.S. perpetual-futures market using Hyperliquid infrastructure, subject to regulatory approvals.

Hyperliquid Strategies shares closed at $12.29 Thursday, up 23.27% from the previous close, on the same day Intercontinental Exchange announced a deal to pursue a U.S. perpetual-futures market with Trade[XYZ].

The stock, which trades as PURR, had closed at $9.97 previously and saw 60,523,100 shares traded Thursday. The closing price was recorded at 4 p.m. ET (20:00 UTC).

Stanley Druckenmiller posted Thursday that he is an investor in Trade[XYZ]. His post did not give an investment amount.

ICE and Trade[XYZ] reached a definitive agreement, subject to regulatory approvals. ICE plans to operate Trade[XYZ]'s regulated markets exclusively and make a strategic investment; the amount was not disclosed. Trade[XYZ] will design and implement the products, while Hyperliquid supplies the underlying infrastructure.

The planned market is intended to provide around-the-clock exposure to crypto, equities, commodities, foreign exchange and other assets. Hyperliquid Strategies' stated treasury strategy centers on Hyperliquid (HYPE) tokens, while ICE and Trade[XYZ] are the parties to the new agreement.