Hi, @Richard Craig Welcome to the Microsoft Q&A forum, Thanks for posting your question.
Adding to what @Alberto Morillo Mentioned.
The Serverless compute tier is currently in public preview for standalone Hyperscale databases. It is definitely possible to migrate individual DBs from the existing DTU elastic pool, one by one, to individual standalone Hyperscale Serverless DBs. The entire pool cannot be moved to Hyperscale Serverless.
Do ensure that once you move the previously pooled DBs one by one to standalone Hyperscale Serverless DBs, each is going to be charged individually. Also currently there is no auto-pause for Hyperscale Serverless DBs, so the amount of savings you might see needs to be determined, as the maximum savings in serverless DBs typically is seen when the DB goes to an auto-paused state (which is currently not supported for Hyperscale Serverless).
I hope this information helps.
Regards
Geetha