21shares Hyperliquid Staking ETF (THYP)

The 21Shares Hyperliquid Staking ETF is an exchange-traded product sponsored by 21Shares that provides exposure to HYPE, the native token of the Hyperliquid blockchain and its decentralized trading platform. Rather than tracking a basket of companies, the fund holds the digital asset itself through a custodian, so its value moves with the market price of the token.

As its name indicates, the fund is also designed to stake some of its token holdings on the Hyperliquid network, which can earn staking rewards in addition to price exposure. The product gives investors access to this digital asset through a conventional brokerage account without having to manage wallets or private keys directly. 21Shares is a Swiss-founded issuer that specializes in crypto-asset exchange-traded products.