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THYP vs XRPR

21Shares Hyperliquid ETF

THYPANasdaq

REX-Osprey XRP ETF

XRPRCCboe

Overlap

Expense ratio

THYP −0.45pt a year

THYP0.30%XRPR0.75%

Avg volume · 30D

THYP 2.7×the volume

THYP80.2KXRPR29.7K

THYP vs XRPR Performance

Aug 7, 2026 – Nov 9, 2026

+37.5%THYP+6.5%XRPR

Aug 7, 2026 to Nov 9, 2026. THYP +37.5%. XRPR +6.5%. Use the arrow keys to read each point.20%60%80%Aug 2026Sep 2026Nov 2026
Expense ratio
THYP 0.30%, better
XRPR 0.75%
Fund size
THYP $54M
XRPR $39M
1Y total return
THYP No data
XRPR −54.3%
Holdings
THYP 1
XRPR 3
Avg volume (30D)
THYP 80.2K sh, better
XRPR 29.7K sh
NAV per share
THYP $45.35
XRPR $9.66
52W range

ETF.net Grade

THYP: Cost 85, Risk 70, Mission not scored, Tradability 70, Holdings 56, Durability 41. XRPR: Cost 19, Risk 29, Mission 99, Tradability 25, Holdings not scored, Durability 57.
Pillar letters and Scores for THYP, XRPR, with each pillar’s weight
PillarTHYPXRPR
Cost30% weightA85HigherF19
Mission25% weightNot scoredA99
Risk15% weightA70HigherD29
Tradability15% weightA70HigherD25
Holdings10% weightB56Not scored
Durability5% weightC41B57Higher

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. THYP and XRPR 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 XRPR 19th 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 74
  4. Rank 4ATOXR21shares XRP ETFScore 73
  5. Rank 18CSUISCanary Staked SUI ETFScore 46
  6. Rank 19CXRPRREX-Osprey XRP ETFScore 45
  7. Rank 20CTDOG21Shares Dogecoin ETFScore 40

Our read on each fund

ETF.net Research

THYPA21Shares Hyperliquid ETF

XRPRCREX-Osprey XRP ETF

In short

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.

XRPR No data

Stated mandate

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.

XRPR No data

Why people hold it

  • 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

XRPR No data

Worth knowing

  • 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.

XRPR No data

Full THYP profile⁠

Full XRPR profile⁠

THYP vs XRPR 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.

THYP vs XRPR Cost

Overpaying XRPR vs THYP

$8,333

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

  • THYP 0.30%

    $6,149

  • XRPR 0.75%

    $14,482

$10,000
30 years

Cost over time

  • THYP 0.30%
  • XRPR 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530XRPR $14,482THYP $6,149

Year by year

YearTHYPXRPROverpaying
10$545$1,336$791
20$2,113$5,078$2,965
30$6,149$14,482$8,333

Expense ratio

  • 0.30%THYP, cheaper
  • 0.75%XRPR
  • Middle half of Crypto Spot funds
  • Median 0.35%

THYP 3rd cheapest of 25 funds

XRPR 20th cheapest of 25 funds

THYP vs XRPR Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
THYP No data
XRPR None
Last payment
THYP $0.19
XRPR No data
Ex-dividend
THYP Sep 29, 2026
XRPR No data
Paid on
THYP Sep 30, 2026
XRPR No data
Frequency
THYP Quarterly
XRPR No data

Distribution history

Per share, 2026, same scale for both

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
XRPRAll XRPR payments⁠

No distribution history available.

THYP vs XRPR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
THYP No dataXRPR 49.3%since Oct 2025
Return per unit of riskSharpe ratio, 3 years
THYP No dataXRPR −1.38since Oct 2025
Worst fallMax drawdown, 5 years
THYP No dataXRPR −68.3%since Sep 2025
Market sensitivityBeta, 5 years
THYP −0.29XRPR 1.05

THYP and XRPR in the news

All news⁠

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