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GDOG vs THYP

Grayscale Dogecoin Trust ETF

GDOGBNYSE Arca

21Shares Hyperliquid ETF

THYPANasdaq

Overlap

Expense ratio

THYP −0.05pt a year

GDOG0.35%THYP0.30%

Avg volume · 30D

THYP 1.9×the volume

GDOG43.3KTHYP80.9K

GDOG vs THYP Performance

Jul 31, 2026 – Oct 30, 2026

+7.7%GDOG+73.7%THYP

Jul 31, 2026 to Oct 30, 2026. GDOG +7.7%. THYP +73.7%. Use the arrow keys to read each point.20%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
GDOG 0.35%
THYP 0.30%, better
Fund size
GDOG $11M
THYP $66M
Holdings
GDOG 1
THYP 1
Avg volume (30D)
GDOG 43.3K sh
THYP 80.9K sh, better
NAV per share
GDOG $8.83
THYP $52.25
52W range

ETF.net Grade

GDOG: Cost 48, Risk 27, Mission 96, Tradability 65, Holdings not scored, Durability 56. THYP: Cost 86, Risk 77, Mission not scored, Tradability 72, Holdings 45, Durability 41.
Pillar letters and Scores for GDOG, THYP, with each pillar’s weight
PillarGDOGTHYP
Cost30% weightC48A86Higher
Mission25% weightA96Not scored
Risk15% weightD27A77Higher
Tradability15% weightB65A72Higher
Holdings10% weightNot scoredC45
Durability5% weightB56HigherC41

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. GDOG and THYP 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 ›

THYP ranks 3rd and GDOG 11th of 25 funds in the Crypto Spot Category.

  1. Rank 1AXRPZFranklin XRP ETFScore 86
  2. Rank 2AHYPGGrayscale Hyperliquid Staking ETFScore 81
  3. Rank 3ATHYP21Shares Hyperliquid ETFScore 77
  4. Rank 4AXRPBitwise XRP ETFScore 75
  5. Rank 10BBAVABitwise Avalanche ETFScore 62
  6. Rank 11BGDOGGrayscale Dogecoin Trust ETFScore 61
  7. Rank 12BGLNKGrayscale Chainlink Trust LinkScore 59

Our read on each fund

ETF.net Research

GDOGBGrayscale Dogecoin Trust ETF

THYPA21Shares Hyperliquid ETF

In short

GDOG No data

THYP The first US spot ETF for HYPE, the token behind the Hyperliquid perpetuals exchange. It holds the coin directly, stakes a slice of it, and charges less than the typical spot-crypto fund.

Stated mandate

GDOG No data

THYP The Trust seeks to track HYPE's performance through the FTSE Hyperliquid Index, net of expenses and liabilities, and may reflect staking rewards at the Sponsor's discretion.

Why people hold it

GDOG No data

  • THYP First US-listed spot Hyperliquid ETF: HYPE exposure inside an ordinary brokerage account, with no wallet, no private keys and no crypto exchange login.21shares.com
  • Staking is built into the wrapper. A portion of the trust's HYPE is staked on the network, and rewards are passed to shareholders in cash rather than kept inside the token.21shares.com
  • The 0.30% sponsor fee sits below the 0.35% median for spot-crypto ETFs and under BHYP, which tracks the same FTSE Hyperliquid Index.
  • Coins are held by Anchorage Digital Bank and BitGo Bank & Trust, federally chartered trust banks built for digital assets.21shares.com

Worth knowing

GDOG No data

  • THYP One token, one protocol. Value moves with the price of HYPE, the native asset of a young derivatives exchange, so drawdowns can be deep and fast.decrypt.co
  • Launched in 2026, so there is little history to judge it by, and how much of the HYPE gets staked is set at the sponsor's discretion.
  • It is a grantor trust, not a registered investment company, so the shareholder protections that come with 1940 Act funds do not apply here.

Full GDOG profile⁠

Full THYP profile⁠

GDOG vs THYP 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.

GDOG vs THYP Cost

Overpaying GDOG vs THYP

$977

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

  • GDOG 0.35%

    $7,126

  • THYP 0.30%

    $6,149

$10,000
30 years

Cost over time

  • GDOG 0.35%
  • THYP 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GDOG $7,126THYP $6,149

Year by year

YearGDOGTHYPOverpaying
10$634$545$89
20$2,454$2,113$341
30$7,126$6,149$977

Expense ratio

  • 0.35%GDOG
  • 0.30%THYP, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

THYP 3rd cheapest of 25 funds

GDOG 11th cheapest of 25 funds

GDOG vs THYP Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
GDOG None
THYP No data
Last payment
GDOG No data
THYP $0.19
Ex-dividend
GDOG No data
THYP Sep 29, 2026
Paid on
GDOG No data
THYP Sep 30, 2026
Frequency
GDOG No data
THYP Quarterly

Distribution history

Per share, 2026, same scale for both

GDOGAll GDOG payments⁠

No distribution history available.

THYPQuarterly · 2 paymentsAll THYP payments⁠
One bar per payment. 2 payments in 2026 YTD. Jun 29, 2026 $0.04; Sep 29, 2026 $0.19. Use the arrow keys to read each point.$0$0.202026YTD

GDOG vs THYP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
GDOG 1.94THYP −0.29

GDOG and THYP in the news

All news⁠

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