21Shares Hyperliquid ETF
THYP
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 158 West 27th Street New York NY United States of America 10001
- IPO Date
- May 12, 2026
- CIK
- 0002090011
- Website
- 21shares.com
- Similar Companies
- Business
- 21Shares Hyperliquid ETF (THYP) is a U.S.-traded spot ETF that provides institutional and retail investors with regulated exposure to Hyperliquids native HYPE token, incorporating a staking-integrated custody model and yield enhancement features. The fund aims to track the FTSE Hyperliquid Index through in-kind creations and redemptions in baskets of 10,000 shares, with a governance-enabled approach to staking a portion of HYPE holdings to generate additional yield for shareholders, and distributes staking rewards between the trust and the staking provider. Headquartered in Frankfurt am Main, Germany, the sponsor seeks to list THYP on Nasdaq and to begin trading in 2026, subject to regulatory approvals, with the fund’s structure designed to balance liquidity, yield, and risk considerations through a defined staking allocation that may range from 30% to 70% of HYPE holdings. The product is positioned to appeal to asset managers and institutional investors seeking a hardened, yield-enhanced exposure to Hyperliquid’s Layer 1 ecosystem, while maintaining a transparent risk framework that highlights potential volatility, validator penalties, staking lockups, and redemption delays as disclosed in the prospectus. The latest changes include formal amendments to the Hyperliquid ETF filing, designation of THYP as the ticker, and detailed disclosures around custody, leverage of native staking rewards, and governance parameters, reflecting ongoing regulatory review and product development in the Hyperliquid ETF initiative. The fund’s geographic scope spans global markets with regulatory access targeting U.S. and international institutional clients, leveraging 21Shares’ breadth of experience in digital asset fund structures and exchange-traded products. Subsidiaries and related entities are aligned with the sponsor’s platform and custodial partners to support secure asset custody, transparent pricing, and compliant ETF operations.