21Shares Debuts THYP ETF With Spot HYPE Exposure and Staking Rewards on Nasdaq

21Shares lists THYP on Nasdaq, offering spot HYPE exposure with physical backing, staking rewards, FTSE Russell pricing, and a 0.30% fee.

21Shares has launched the 21Shares Hyperliquid ETF, trading under ticker THYP on Nasdaq.

The fund offers spot exposure to Hyperliquid’s HYPE token and includes staking rewards.

The launch gives U.S. investors a regulated route to access HYPE through banks and brokers.

21Shares Lists THYP ETF on Nasdaq

21Shares has debuted the THYP ETF on Nasdaq, marking the first U.S. spot ETF tied to Hyperliquid’s HYPE token.

The fund is physically backed by HYPE, which means it holds the token directly.

The product gives investors exposure to HYPE without requiring direct wallet use.

It is available through banks and brokers, which may widen access for traditional market participants.

The ETF carries a 0.30% management fee. It also supports cash and in-kind creations and redemptions, according to the listed fund details.

Pricing for the ETF is backed by FTSE Russell. That structure may help investors track the fund against a recognized pricing source.

Spot HYPE Exposure Comes With Staking Rewards

The 21Shares Hyperliquid ETF includes staking, which is a core feature of the product. Staking allows token holders to support network activity and receive rewards.

In this case, THYP gives investors spot HYPE exposure while also enabling staking rewards. The fund structure allows that access inside an ETF wrapper.

21Shares described the product with the phrase, “Spot the hype. Own the HYPE. Stake the HYPE.” The statement reflects the fund’s main features.

The ETF is designed for investors who want HYPE exposure through regulated market channels. It avoids the need to buy, store, or stake the token directly.

Hyperliquid has gained attention in crypto markets due to its growth and revenue profile. The project was described as having 11 employees, more than $900 million in profit, and a $35 billion valuation.

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SoSoValue Adds THYP to HYPE ETF Dashboard

SoSoValue has updated its HYPE ETF dashboard to track the 21Shares HYPE ETF. The dashboard now lists THYP as a Nasdaq-traded product.

The dashboard shows key fund details, including ticker, exchange, fee, and creation methods. It also tracks trading activity for U.S. spot HYPE ETFs.

As of May 13, the total value traded was listed at $1.80 million. The dashboard update was marked as refreshed two hours earlier.

The listing gives market watchers a data point for early trading in the fund. Investors can use the dashboard to follow volume and other fund activity.

THYP enters the market as demand grows for crypto ETFs beyond Bitcoin and Ether. The fund adds HYPE to the group of digital assets available through exchange-traded products.

The launch also connects Hyperliquid with public market access through Nasdaq. For 21Shares, THYP expands its crypto ETF lineup in the United States.

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