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HYPG vs TDOT

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

21shares Polkadot ETF Shares of Beneficial Interest

TDOTBNasdaq

Overlap

Expense ratio

HYPG −0.01pt a year

HYPG0.29%TDOT0.30%

Avg volume · 30D

HYPG 24.6×the volume

HYPG97.3KTDOT3.95K

HYPG vs TDOT Performance

Jul 31, 2026 – Oct 30, 2026

+73.4%HYPG+28.2%TDOT

Jul 31, 2026 to Oct 30, 2026. HYPG +73.4%. TDOT +28.2%. Use the arrow keys to read each point.0%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
HYPG 0.29%, better
TDOT 0.30%
Fund size
HYPG $207M
TDOT $10M
Holdings
HYPG 1
TDOT 1
Avg volume (30D)
HYPG 97.3K sh, better
TDOT 3.95K sh
NAV per share
HYPG $32.01
TDOT $11.56
52W range

ETF.net Grade

HYPG: Cost 96, Risk 68, Mission not scored, Tradability 72, Holdings not scored, Durability 61. TDOT: Cost 86, Risk 48, Mission not scored, Tradability 26, Holdings 45, Durability 32.
Pillar letters and Scores for HYPG, TDOT, with each pillar’s weight
PillarHYPGTDOT
Cost30% weightA96HigherA86
Mission25% weightNot scoredNot scored
Risk15% weightB68HigherC48
Tradability15% weightA72HigherD26
Holdings10% weightNot scoredC45
Durability5% weightB61HigherD32

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 TDOT 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 TDOT 12th 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 12BGLNKGrayscale Chainlink Trust LinkScore 59
  5. Rank 12BTDOT21shares Polkadot ETF Shares of Beneficial InterestScore 59
  6. Rank 14BXRPCCanary XRP ETFScore 57

Our read on each fund

ETF.net Research

HYPGAGrayscale Hyperliquid Staking ETF

TDOTB21shares Polkadot ETF Shares of Beneficial Interest

In short

HYPG No data

TDOT The first US spot Polkadot fund: it holds real DOT, stakes a slice of the pile, and passes those network rewards through to shareholders. Fee sits under the typical spot-crypto rate, and the fund is still small and new.

Stated mandate

HYPG No data

TDOT The Trust seeks to track the performance of DOT as measured by the CME CF Polkadot — Dollar Reference Rate — NY Variant.

Why people hold it

HYPG No data

  • TDOT 0.30% a year, below the going rate across spot-crypto funds and matching the cheapest end of 21Shares' own altcoin shelf (TSUI, TOXR).
  • Stakes part of its DOT and distributes the staking rewards it collects, so holders get network income alongside price exposure without running a wallet or validator.21shares.com
  • Plain plumbing: a grantor trust holding the coin itself, tracking the CME CF Polkadot Dollar Reference Rate (NY Variant), the same wrapper used by spot bitcoin ETFs.globenewswire.com
  • Brokerage-account access to Polkadot, a layer-0 network built around cross-chain interoperability, without keys, exchanges or self-custody.21shares.com

Worth knowing

HYPG No data

  • TDOT A small, lightly traded fund launched in 2026, which tends to mean wider spreads than the household-name crypto ETFs.
  • Registered under the 1933 Act, not the Investment Company Act of 1940, so the protections that come with a standard ETF wrapper do not apply.globenewswire.com
  • One token, one network, plus staking-specific risks layered on top of DOT's volatility. The issuer flags full loss of investment as possible.21shares.com

Full HYPG profile⁠

Full TDOT profile⁠

HYPG vs TDOT 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 TDOT Cost

Overpaying TDOT vs HYPG

$197

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

  • HYPG 0.29%

    $5,952

  • TDOT 0.30%

    $6,149

$10,000
30 years

Cost over time

  • HYPG 0.29%
  • TDOT 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$8K051015202530TDOT $6,149HYPG $5,952

Year by year

YearHYPGTDOTOverpaying
10$527$545$18
20$2,044$2,113$69
30$5,952$6,149$197

Expense ratio

  • 0.29%HYPG, cheaper
  • 0.30%TDOT
  • Middle half of Crypto Spot funds
  • Median 0.35%

HYPG 2nd cheapest of 25 funds

TDOT 3rd cheapest of 25 funds

HYPG vs TDOT Dividends

Last 12 months to Oct 30, 2026
Last payment
HYPG $0.04
TDOT $0.05
Ex-dividend
HYPG Oct 5, 2026
TDOT Sep 29, 2026
Paid on
HYPG Oct 6, 2026
TDOT Sep 30, 2026
Frequency
HYPG Monthly
TDOT Quarterly

Distribution history

Per share, 2026, same scale for both

HYPGMonthly · 3 paymentsAll HYPG payments⁠
One bar per payment. 3 payments in 2026 YTD. Aug 4, 2026 $0.03; Sep 3, 2026 $0.03; Oct 5, 2026 $0.04. Use the arrow keys to read each point.$0$0.102026YTD
TDOTQuarterly · 3 paymentsAll TDOT payments⁠
One bar per payment. 3 payments in 2026 YTD. May 14, 2026 $0.09; Jun 29, 2026 $0.06; Sep 29, 2026 $0.05. Use the arrow keys to read each point.$0$0.102026YTD

HYPG vs TDOT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
HYPG 3.80TDOT 1.66

HYPG and TDOT in the news

All news⁠

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