THYP 21Shares Hyperliquid ETF

Spot Hyperliquid ETF · by 21Shares · Hyperliquid ETF flows · fee 0.30%

THYP reported no net flow on Thu 29 Oct. All Hyperliquid ETFs: +$3.7M.

Share price$51.44−1.72% · −$0.90last trade Fri 30 Oct 23:05 UTC

Net flow, last day0Thu 29 Oct · T+1

Cumulative net flow+$30.8Msince 12 May 2026

Avg entry vs close+51.8%avg entry $57.91 · HYPE $87.91

Net assets$66.4M

Day volume64Kshares, last session

Clients' P&L in THYP

In profit

On average, THYP clients bought HYPE at $57.91. At the 30 Oct 2026 close of $87.91 they are in profit: +$21.8M (+51.8%) on paper.

Unrealised P&L+$21.8M+51.8%avg entry $57.91HYPE close $87.91

Avg entry · break-even: $57.91
HYPE close: $87.91
Invested: $42.1M
Current value: $63.9M
HYPE in the fund: 726,975

Avg entry vs HYPE price

Daily · US$ · as of 30 Oct 2026

HYPE priceAvg entryClients in profitUnder water

$40$60$80

$87.91$57.91May 26Jun 26Aug 26Sep 26Oct 26

Avg entry is our estimate from daily creations and redemptions × the coin price that day · unrealised · not an issuer reportIn profit on 167 of 172 days

ETF cost basis

THYP price and net flow

Daily close · price history since 15 Jun 2026 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price +32.6% over the period

Fund facts

Price · 1D / 7D / 30D: $51.44 −1.72% / +15.54% / −2.95%
Day volume: 64K shares
Expense ratio: 0.30% What 0.30% costs per year
Launched: 12 May 2026
13F holders: 10 · Jun 30, 2026
Price history since: 15 Jun 2026

Price RangeNow $51.44 (77% of range)

all-time low $30.17Average price $43.35all-time high $57.77

Staking

Staking in all crypto ETFs

Status: Stakes
Share staked: 77% · 21 Oct
Staking yield: 1.31% · issuer
Rewards: Paid in cash, quarterly
Provider: Figment
Last payout: $0.1914 per share on 29 Sep
Cap in prospectus: 100%

Filing: 10-K · Wed 23 Sep

Coins held: 735,173 HYPEreported
Share of ETF coins: 14.8%
Issuer's fee revenue: $199.1K a year$545 a day at current assets

THYP net flow by day

Last 20 trading days, US$ m · share = THYP’s part of all Hyperliquid ETF flow when both move the same way

Date	Net flow	Share of HYPE ETFs	All HYPE ETFs	Close
Thu 29 Oct	0	—	+$3.7M	$51.70
Mon 26 Oct	−$0.9M	21%	−$4.3M	$45.28
Thu 22 Oct	−$0.9M	11%	−$7.9M	$44.69
Tue 20 Oct	−$1.4M	19%	−$7.3M	$47.00
Thu 15 Oct	−$7.1M	69%	−$10.3M	$47.36
Wed 14 Oct	−$1.4M	28%	−$5.0M	$47.11
Mon 12 Oct	0	—	−$2.3M	$47.60
Thu 8 Oct	−$9.7M	100%	−$9.7M	$48.63
Tue 6 Oct	0	—	+$3.0M	$53.16
Mon 5 Oct	−$2.7M	100%	−$2.7M	$54.53
Fri 2 Oct	0	—	+$3.4M	$50.60
Thu 1 Oct	0	—	+$5.0M	$50.30
Wed 30 Sep	0	—	−$5.0M	$53.00
Fri 25 Sep	0	—	+$3.2M	$53.22
Thu 24 Sep	0	—	+$4.8M	$53.50
Wed 23 Sep	0	—	−$1.6M	$54.25
Mon 21 Sep	+$2.2M	77%	+$2.8M	$54.14
Fri 18 Sep	0	—	+$1.0M	$53.70
Thu 17 Sep	+$2.4M	56%	+$4.3M	$48.42
Wed 16 Sep	0	—	+$1.7M	$45.75

Streaks and records

descriptive, not a signal

Largest inflow, all time: +$16.7M · 20 May 2026
Largest outflow, all time: −$9.7M · 8 Oct 2026
Inflow days in 2026: 22 of 120
Best month: +$56.0M · May 2026
Worst month: −$24.1M · Oct 2026

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 30 trading days	+$2.2M21 Sep 2026	−$9.7M8 Oct 2026
Last 90 trading days	+$4.3M25 Aug 2026	−$9.7M8 Oct 2026
Last 12 months	+$16.7M20 May 2026	−$9.7M8 Oct 2026

Trading days only. A day where a fund has not reported is skipped, not counted as zero.

“—” in Share: THYP moved against the market, or more than the market totalAll days on Hyperliquid ETF flows ›

Who holds THYP: institutional holders from 13F

10 institutions reported holding THYP on June 30, 2026, with $34.1M at quarter-end prices (900K shares). The largest holder was Wealth High Governance Asset Management (wealth adviser) with $23.9M; the top 10 held 100% of the reported value. By value, wealth advisers held 74.7% and market makers 10.2%.

13F filings for the quarter ended Jun 30, 2026 · next update after Nov 14, 2026 · What is a 13F?

Institutions holding10

Reported value$34.1Mat Jun 30 prices

Shares reported900K≈48% of the fund

Net change in shares+0.90M

THYP holders by type

Holder mix by value · our classificationshare of the $34.1M

Bank & broker 6.8%
Market maker 10.2%
Hedge fund 4.4%
Asset manager 1.0%
Wealth adviser 74.7%
Other managers 3.1%

Top 10 THYP holders on Jun 30, 2026

Top 10 THYP holders on Jun 30, 2026
#	Holder	Type · our classification	Value	Shares	Change in shares, q/q	Holding since
1	Wealth High Governance Asset ManagementSao Paulo · Wealth adviser	Wealth adviser	$23.9M	633K	+0.63M new	Q2 26
2	UBSZurich · Bank & broker	Bank & broker	$2.3M	61K	+61K new	Q2 26
3	Discovery Capital Management, LLC / CTSouth Norwalk · Hedge fund	Hedge fund	$1.5M	39K	+39K new	Q2 26
4	Jane StreetNew York · Market maker	Market maker	$1.5M	40K	+40K new	Q2 26
5	Cresset Asset ManagementChicago · Wealth adviser	Wealth adviser	$1.5M	40K	+40K new	Q2 26
6	Flow Traders U.S.New York · Market maker	Market maker	$1.2M	32K	+32K new	Q2 26
7	Virtu FinancialNew York · Market maker	Market maker	$800K	21K	+21K new	Q2 26
8	Intrinsic Edge Capital ManagementChicago · Other managers	Other managers	$800K	20K	+20K new	Q2 26
9	Prelude Capital ManagementNew York · Other managers	Other managers	$300K	8K	+8K new	Q2 26
10	Van Eck AssociatesNew York · Asset manager	Asset manager	$300K	9K	+9K new	Q2 26

Top 10 of 10 · sorted by value · type is our classificationAll 10 THYP holders

Institutions in Hyperliquid ETFs ›Institutional holders of all crypto ETFs ›

Long positions on the last day of the quarter, as filed by managers over $100M. Shorts, futures and retail investors are not in 13F. Changes are in shares, so the coin price does not move them.

Other spot Hyperliquid ETFs

THYP is one of several US-listed spot Hyperliquid ETFs. Compare it with the other funds tracking Hyperliquid:

All 3 on Hyperliquid ETF flows ›

Fund	Issuer	Flow · Thu 29 Oct	Cumulative	Fee	Price	1D
HYPGGrayscale Hyperliquid Staking ETF	Grayscale	—	+$151.6M	0.29%	$31.57	−2.92%
BHYPBitwise Hyperliquid ETF	Bitwise	—	+$126.1M	0.34%	$50.75	+0.85%
THYP21Shares Hyperliquid ETFthis fund	21Shares	—	+$30.8M	0.30%	$51.44	−1.72%

21Shares at the SEC

THYP went from first filing to trading in 195 days. 21Shares has 8 crypto ETFs trading, 6 waiting.

All 21Shares filings ›

THYP’s path to listing

First filing29 Oct 2025
3 amendments
Effective11 May 2026
Trading on Cboe12 May 2026

195 days at the SEC

Filing history

Other 21Shares filings waiting
Waiting fund	Stage	Last document	At the SEC
21Shares Ondo ETFOndo	Amendingquiet	6 Feb 2026	466 days
21Shares Sei ETFSei	Amendingquiet	4 Feb 2026	429 days
21Shares Injective ETFInjective	Amending	18 Sep 2026	376 days
ARK CoinDesk 20 Crypto ETFBasket	Filedquiet	23 Jan 2026	281 days
ARK CoinDesk 20 ex-Bitcoin Crypto ETFBasket	Filedquiet	23 Jan 2026	281 days
21Shares Cronos ETFCronos	Filedquiet	13 Mar 2026	232 days

Open the filings tracker

About 21Shares Hyperliquid ETF (THYP)

What the data says

THYP is one of the smaller Hyperliquid ETFs: $30.8M of net inflow since 12 May 2026, 3rd of 3 by money brought in. For scale, HYPG has drawn $151.6M, about 5 times as much. 21Shares reports net assets of $66.4M, 15% of the Hyperliquid ETF total and the 3rd largest of 3 by size.

THYP charges 0.30% a year, exactly the median across 3 Hyperliquid ETFs. The range runs from 0.29% (HYPG) to 0.34% (BHYP).

On most trading days nothing moves: THYP had no creations or redemptions on 43 of 82 days in our record since 12 May 2026. The largest day with money coming in was $16.7M on 20 May 2026. Its best calendar month was May 2026 ($56.0M in); its worst, Oct 2026 ($24.1M out).

The last 30 trading days to 29 Oct 2026 were the weakest of any Hyperliquid ETF: $20.2M out, against $9.7M in for all Hyperliquid ETFs together.

THYP is a staking fund: it stakes Hyperliquid it holds to earn network rewards. Among Hyperliquid ETFs, BHYP and HYPG also stake.

THYP holders are comfortably ahead: on average they bought HYPE at $57.91, and at the 30 Oct 2026 close of $87.91 that is +51.8% (+$21.8M) on paper. No other Hyperliquid ETF in our estimate has a lower average entry.

Figures as of 29 Oct 2026 (flows, T+1); holders' average entry at the 30 Oct 2026 close. Not investment advice.

THYP ETF — FAQ

When did THYP start trading?

THYP began trading as an ETF on 12 May 2026, 170 days before our latest data.

Is THYP cheaper than other Hyperliquid ETFs?

It sits in the middle. THYP charges 0.30% a year. Across 3 Hyperliquid ETFs the fee runs from 0.29% to 0.34%, with a median of 0.30%; THYP is 2nd from the cheapest.

How much has flowed into THYP since launch?

Net inflow of $30.8M from 12 May 2026 to 29 Oct 2026, 3rd of 3 Hyperliquid ETFs by money brought in. Net flow is the dollar value of shares created minus shares redeemed.

Are THYP holders in profit?

Yes, on paper. Our estimate of their average entry is $57.91 per HYPE; the 30 Oct 2026 close was $87.91, a result of +51.8% (+$21.8M). The estimate comes from daily creations and redemptions valued at that day's coin price, not from an issuer report.

What was the biggest day for THYP?

The largest net inflow was $16.7M on 20 May 2026. The largest net outflow was $9.7M on 8 Oct 2026. Counted over 82 trading days through 29 Oct 2026.

Does THYP stake its Hyperliquid?

Yes. THYP is one of the staking Hyperliquid ETFs on our list, together with BHYP and HYPG. Rewards are earned inside the fund; 21Shares's fund page has the current staking share and reward terms.

Who owns the most THYP?

21Shares issues THYP; the shares are owned by investors. Among institutions filing Form 13F, the largest THYP holder on June 30, 2026 was Wealth High Governance Asset Management with 633K shares worth $23.9M, followed by UBS ($2.3M) and Discovery Capital Management, LLC / CT ($1.5M). In total 10 institutions reported THYP, worth $34.1M.

Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.