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HYPG vs TCAN

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

21Shares Canton Network ETF

TCANDNasdaq

Overlap

Expense ratio

HYPG −0.21pt a year

HYPG0.29%TCAN0.50%

Avg volume · 30D

HYPG 7.8×the volume

HYPG99.4KTCAN12.8K

HYPG vs TCAN Performance

Aug 3, 2026 – Nov 3, 2026

+57.6%HYPG−15.2%TCAN

Aug 3, 2026 to Nov 3, 2026. HYPG +57.6%. TCAN −15.2%. Use the arrow keys to read each point.0%20%40%80%Aug 2026Sep 2026Nov 2026
Expense ratio
HYPG 0.29%, better
TCAN 0.50%
Fund size
HYPG $196M
TCAN $8M
Holdings
HYPG 1
TCAN 3
Avg volume (30D)
HYPG 99.4K sh, better
TCAN 12.8K sh
NAV per share
HYPG $30.25
TCAN $15.77
52W range

ETF.net Grade

HYPG: Cost 96, Risk 66, Mission not scored, Tradability 70, Holdings not scored, Durability 62. TCAN: Cost 28, Risk 38, Mission not scored, Tradability 26, Holdings 68, Durability 29.
Pillar letters and Scores for HYPG, TCAN, with each pillar’s weight
PillarHYPGTCAN
Cost30% weightA96HigherD28
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherD38
Tradability15% weightA70HigherD26
Holdings10% weightNot scoredB68
Durability5% weightB62HigherD29

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. HYPG and TCAN 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 TCAN 24th 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 23DSUISCanary Staked SUI ETFScore 32
  5. Rank 24DTCAN21Shares Canton Network ETFScore 29
  6. Rank 25DTKNS21Shares Active Crypto ETFScore 25

Our read on each fund

ETF.net Research

HYPGAGrayscale Hyperliquid Staking ETF

TCAND21Shares Canton Network ETF

In short

HYPG No data

TCAN The first US ETF built around Canton Coin, the utility token of a privacy-focused blockchain designed for institutional finance. One token, one wrapper, bought like any other stock.

Stated mandate

HYPG No data

TCAN The Fund seeks returns, before fees and expenses, that correspond to Canton Coin’s price performance. It primarily invests in CC and other instruments designed to provide exposure to or returns consistent with CC.

Why people hold it

HYPG No data

  • TCAN Launched 2026 as the first US ETF offering direct exposure to Canton Coin, so no crypto exchange account or private keys to manage.globenewswire.com
  • Plain mandate: at least 80% of net assets in CC and CC-linked instruments, tracking the coin's price before fees. No basket, no index detours.21shares.com
  • Canton's validator and governance ranks include Goldman Sachs and Deutsche Bank, though their involvement is not an endorsement of the coin or the fund.globenewswire.com
  • Runs as a 1940 Act fund, with BitGo Bank & Trust and U.S. Bank named as fund custodians rather than the issuer holding coins itself.21shares.com

Worth knowing

HYPG No data

  • TCAN Costs 0.50% a year against a 0.35% median for spot-crypto funds. Cheaper names sit in the group (XRPZ, XRP), but none of them hold Canton Coin.
  • Small and thinly traded, so spreads can be wide and shares can trade at a premium or discount to NAV.21shares.com
  • Single-token exposure with a short operating history and no distributions; the coin's price does all the work.21shares.com

Full HYPG profile⁠

Full TCAN profile⁠

HYPG vs TCAN 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.

HYPG vs TCAN Cost

Overpaying TCAN vs HYPG

$4,027

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

  • HYPG 0.29%

    $5,952

  • TCAN 0.50%

    $9,979

$10,000
30 years

Cost over time

  • HYPG 0.29%
  • TCAN 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TCAN $9,979HYPG $5,952

Year by year

YearHYPGTCANOverpaying
10$527$900$373
20$2,044$3,460$1,416
30$5,952$9,979$4,027

Expense ratio

  • 0.29%HYPG, cheaper
  • 0.50%TCAN
  • Middle half of Crypto Spot funds
  • Median 0.35%

HYPG 2nd cheapest of 25 funds

TCAN 17th cheapest of 25 funds

HYPG vs TCAN Dividends

Last 12 months to Nov 3, 2026
Payout (12M)
HYPG No data
TCAN None
Last payment
HYPG $0.04
TCAN No data
Ex-dividend
HYPG Nov 3, 2026
TCAN No data
Paid on
HYPG Pays Nov 4, 2026
TCAN No data
Frequency
HYPG Monthly
TCAN No data

Distribution history

Per share, 2026, same scale for both

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$0.032026YTD
TCANAll TCAN payments⁠

No distribution history available.

HYPG vs TCAN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
HYPG 3.80TCAN 5.11

HYPG and TCAN in the news

All news⁠

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