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HYPG vs TOXR

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

21shares XRP ETF

TOXRACboe

Overlap

Expense ratio

HYPG −0.01pt a year

HYPG0.29%TOXR0.30%

Avg volume · 30D

HYPG 10.5×the volume

HYPG97.3KTOXR9.29K

HYPG vs TOXR Performance

Jul 31, 2026 – Oct 30, 2026

+73.4%HYPG+17.2%TOXR

Jul 31, 2026 to Oct 30, 2026. HYPG +73.4%. TOXR +17.2%. Use the arrow keys to read each point.0%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
HYPG 0.29%, better
TOXR 0.30%
Fund size
HYPG $207M
TOXR $133M
Holdings
HYPG 1
TOXR 1
Avg volume (30D)
HYPG 97.3K sh, better
TOXR 9.29K sh
NAV per share
HYPG $32.01
TOXR $12.09
52W range

ETF.net Grade

HYPG: Cost 96, Risk 68, Mission not scored, Tradability 72, Holdings not scored, Durability 61. TOXR: Cost 86, Risk 40, Mission 99, Tradability 42, Holdings 45, Durability 57.
Pillar letters and Scores for HYPG, TOXR, with each pillar’s weight
PillarHYPGTOXR
Cost30% weightA96HigherA86
Mission25% weightNot scoredA99
Risk15% weightB68HigherC40
Tradability15% weightA72HigherC42
Holdings10% weightNot scoredC45
Durability5% weightB61HigherB57

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 TOXR 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 TOXR 5th 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 5ATOXR21shares XRP ETFScore 73
  6. Rank 6BCLNKBitwise Chainlink ETF Beneficial InterestScore 69

Our read on each fund

ETF.net Research

HYPGAGrayscale Hyperliquid Staking ETF

TOXRA21shares XRP ETF

In short

HYPG No data

TOXR A plain-vanilla XRP wrapper: it holds the coin, prices off a CME reference rate, and skips leverage and derivatives. In a field of near-identical XRP funds, 21Shares competes on price at 0.30%.

Stated mandate

HYPG No data

TOXR The Trust is a passive exchange-traded vehicle designed to track XRP's U.S.-dollar price benchmark, after expenses and liabilities. It holds XRP and does not use leverage or derivatives.

Why people hold it

HYPG No data

  • TOXR Charges 0.30%, under the median fee for spot-crypto funds and well under the 0.50% on rival XRP fund XRPC.
  • Mechanically simple: holds XRP outright and tracks the CME CF XRP-Dollar Reference Rate, no leverage, no derivatives, no strategy layer.21shares.com
  • Conventional plumbing behind the crypto: BNY Mellon acts as administrator, transfer agent and cash custodian.sec.gov

Worth knowing

HYPG No data

  • TOXR One coin, one price. XRP swings hard and the trust does nothing to cushion drawdowns. It pays no income.
  • Trades lightly next to the largest crypto ETFs, so spreads and limit orders matter more here.
  • Listed in December 2025, so the track record is short and there is little history showing how it tracks through stressed markets.sec.gov

Full HYPG profile⁠

Full TOXR profile⁠

HYPG vs TOXR 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 TOXR Cost

Overpaying TOXR vs HYPG

$197

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

  • HYPG 0.29%

    $5,952

  • TOXR 0.30%

    $6,149

$10,000
30 years

Cost over time

  • HYPG 0.29%
  • TOXR 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$8K051015202530TOXR $6,149HYPG $5,952

Year by year

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

Expense ratio

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

HYPG 2nd cheapest of 25 funds

TOXR 3rd cheapest of 25 funds

HYPG vs TOXR Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
HYPG No data
TOXR None
Last payment
HYPG $0.04
TOXR No data
Ex-dividend
HYPG Oct 5, 2026
TOXR No data
Paid on
HYPG Oct 6, 2026
TOXR No data
Frequency
HYPG Monthly
TOXR No data

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$0.032026YTD
TOXRAll TOXR payments⁠

No distribution history available.

HYPG vs TOXR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
HYPG 3.80TOXR 0.88

HYPG and TOXR in the news

All news⁠

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