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About EWJ
EWJ tracks the value of 1 share of the MSCI Japan ETF. The ETF seeks to track the investment results of an index composed of Japanese equities. The fund tracks the MSCI Japan Index, a float-adjusted index covering roughly 85% of Japan's free float-adjusted market capitalization.
On Hyperliquid, EWJ trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
EWJ is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Equity Indices.
Frequently Asked Questions
- Does trading EWJ give me any of the rights of owning shares in the MSCI Japan ETF?
- No. EWJ is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the ETF's actual shares. It gives price exposure only — there are no shareholder rights, no dividends, no creation/redemption rights, and no claim on the underlying fund.
- Where is The iShares MSCI Japan ETF listed, and in what currency does EWJ trade?
- The iShares MSCI Japan ETF is listed on a U.S. exchange and trades in U.S. dollars. EWJ's price already reflects that USD-denominated ETF share, with no currency conversion involved.
- How is EWJ different from other names, like JP225?
- EWJ tracks a U.S.-listed ETF share, already priced in USD. JP225, by contrast, tracks the Japan 225 index directly at its native JPY level, with no currency conversion — two different ways of getting exposure to Japanese equities.
- What index does the MSCI Japan ETF track?
- The fund tracks the MSCI Japan Index, a float-adjusted index covering roughly 85% of Japan's free float-adjusted market capitalization across large- and mid-cap companies.
- What is EWJ on Hyperliquid?
- EWJ on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks price exposure linked to 1 share of the MSCI Japan ETF. The ETF seeks to track the investment results of an index composed of Japanese equities. It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem, so you can go long or short without holding any shares.
- Why can EWJ's Hyperliquid price differ from the underlying market's price?
- EWJ's price on Hyperliquid comes from a synthetic market with no delivery mechanism or arbitrage bridge to the underlying, so nothing forces the two to match at all times. The perpetual's price is driven by positioning, expectations, and funding rates on Hyperliquid, and significant divergence from the underlying price is possible.
- Can I trade EWJ on Hyperliquid around the clock?
- Yes. EWJ trades 24/7 as a HIP-3 synthetic perpetual on the xyz decentralized exchange within the Hyperliquid ecosystem, with no settlement delay — you can open, hedge, or close a position at any time, even outside the underlying market's regular trading hours.
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