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GAVA vs HYPG

Grayscale Avalanche Staking ETF

GAVABNasdaq

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

Overlap

Expense ratio

HYPG −0.06pt a year

GAVA0.35%HYPG0.29%

Avg volume · 30D

HYPG 26.1×the volume

GAVA3.85KHYPG100K

GAVA vs HYPG Performance

Aug 5, 2026 – Nov 5, 2026

+25.9%GAVA+36.8%HYPG

Aug 5, 2026 to Nov 5, 2026. GAVA +25.9%. HYPG +36.8%. Use the arrow keys to read each point.0%60%Aug 2026Sep 2026Nov 2026
Expense ratio
GAVA 0.35%
HYPG 0.29%, better
Fund size
GAVA $7M
HYPG $180M
Holdings
GAVA 1
HYPG 1
Avg volume (30D)
GAVA 3.85K sh
HYPG 100K sh, better
NAV per share
GAVA $20.26
HYPG $27.64
52W range

ETF.net Grade

GAVA: Cost 50, Risk 76, Mission not scored, Tradability 52, Holdings not scored, Durability 56. HYPG: Cost 96, Risk 66, Mission not scored, Tradability 70, Holdings not scored, Durability 61.
Pillar letters and Scores for GAVA, HYPG, with each pillar’s weight
PillarGAVAHYPG
Cost30% weightC50A96Higher
Mission25% weightNot scoredNot scored
Risk15% weightA76HigherB66
Tradability15% weightC52A70Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB56B61Higher

Rank among Crypto Spot funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GAVA and HYPG are both graded against the same 25 Crypto Spot funds, so their Grades compare head to head.

Crypto Spot⁠

Category · 25 funds
See all 25 ›

HYPG ranks 2nd and GAVA 15th of 25 funds in the Crypto Spot Category.

  1. Rank 1AXRPZFranklin XRP ETFScore 86
  2. Rank 2AHYPGGrayscale Hyperliquid Staking ETFScore 80
  3. Rank 3ATHYP21Shares Hyperliquid ETFScore 75
  4. Rank 14BXRPCCanary XRP ETFScore 57
  5. Rank 15BGAVAGrayscale Avalanche Staking ETFScore 56
  6. Rank 16BVBNBVanEck BNB ETF Common Shares of Beneficial InterestScore 55

Our read on each fund

ETF.net Research

GAVABGrayscale Avalanche Staking ETF

HYPGAGrayscale Hyperliquid Staking ETF

In short

GAVA Single-token AVAX exposure with a twist: the trust stakes the coins it holds and seeks to add more Avalanche to the pile rather than pay cash out. It started life as a 2024 private placement before it ever had a Nasdaq ticker.

HYPG No data

Stated mandate

GAVA The Trust seeks exposure to the value of Avalanche held by the Trust, net of operating expenses, and also seeks to obtain additional Avalanche through staking.

HYPG No data

Why people hold it

  • GAVA Staking is written into the mandate, not bolted on: the trust seeks additional AVAX by staking what it holds, and those rewards accrue inside the fund.grayscale.com
  • The 0.35% expense ratio sits right at the median for spot crypto funds, and within a hair of the other Avalanche fund, BAVA at 0.34%.
  • The vehicle predates the ticker. It launched as a private placement in 2024 and later uplisted to Nasdaq, so the operating history runs longer than the listing does.theblock.co
  • Direct spot holdings of AVAX, run by Grayscale, whose digital asset platform spans dozens of listed and private crypto products.globenewswire.com

HYPG No data

Worth knowing

  • GAVA It is a grantor trust, not a 1940 Act fund, so the protections of a registered ETF do not apply. Grayscale flags a high degree of risk and possible loss of the entire investment.grayscale.com
  • One token, one network, and nothing paid out: staking rewards go to the trust rather than to shareholders as distributions.grayscale.com
  • Small asset base and light trading, which can mean wider spreads and more effort behind a large order.

HYPG No data

Full GAVA profile⁠

Full HYPG profile⁠

GAVA vs HYPG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GAVA vs HYPG Cost

Overpaying GAVA vs HYPG

$1,174

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GAVA 0.35%

    $7,126

  • HYPG 0.29%

    $5,952

$10,000
30 years

Cost over time

  • GAVA 0.35%
  • HYPG 0.29%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GAVA $7,126HYPG $5,952

Year by year

YearGAVAHYPGOverpaying
10$634$527$107
20$2,454$2,044$410
30$7,126$5,952$1,174

Expense ratio

  • 0.35%GAVA
  • 0.29%HYPG, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

HYPG 2nd cheapest of 25 funds

GAVA 11th cheapest of 25 funds

GAVA vs HYPG Dividends

Last 12 months to Nov 5, 2026
Last payment
GAVA $0.04
HYPG $0.04
Ex-dividend
GAVA Nov 3, 2026
HYPG Nov 3, 2026
Paid on
GAVA Nov 4, 2026
HYPG Nov 4, 2026
Frequency
GAVA Monthly
HYPG Monthly

Distribution history

Per share, 2026, same scale for both

GAVAMonthly · 3 paymentsAll GAVA payments⁠
One bar per payment. 3 payments in 2026 YTD. Sep 3, 2026 $0.03; Oct 5, 2026 $0.06; Nov 3, 2026 $0.04. Use the arrow keys to read each point.$0$0.052026YTD
HYPGMonthly · 4 paymentsAll HYPG payments⁠
One bar per payment. 4 payments in 2026 YTD. Aug 4, 2026 $0.03; Sep 3, 2026 $0.03; Oct 5, 2026 $0.04; Nov 3, 2026 $0.04. Use the arrow keys to read each point.$0$0.052026YTD

GAVA vs HYPG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
GAVA 1.62HYPG 3.80

GAVA and HYPG in the news

All news⁠

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