Skip to content
etf.net

THYP vs XRPZ

21Shares Hyperliquid ETF

THYPANasdaq

Franklin XRP ETF

XRPZANYSE Arca

Overlap

Expense ratio

XRPZ −0.11pt a year

THYP0.30%XRPZ0.19%

Avg volume · 30D

XRPZ 6.5×the volume

THYP80.9KXRPZ523K

THYP vs XRPZ Performance

Jul 31, 2026 – Oct 30, 2026

+73.7%THYP+17.4%XRPZ

Jul 31, 2026 to Oct 30, 2026. THYP +73.7%. XRPZ +17.4%. Use the arrow keys to read each point.0%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
THYP 0.30%
XRPZ 0.19%, better
Fund size
THYP $66M
XRPZ $386M
Holdings
THYP 1
XRPZ 1
Avg volume (30D)
THYP 80.9K sh
XRPZ 523K sh, better
NAV per share
THYP $52.25
XRPZ $13.49
52W range

ETF.net Grade

THYP: Cost 86, Risk 77, Mission not scored, Tradability 72, Holdings 45, Durability 41. XRPZ: Cost 100, Risk 42, Mission 99, Tradability 82, Holdings not scored, Durability 84.
Pillar letters and Scores for THYP, XRPZ, with each pillar’s weight
PillarTHYPXRPZ
Cost30% weightA86A100Higher
Mission25% weightNot scoredA99
Risk15% weightA77HigherC42
Tradability15% weightA72A82Higher
Holdings10% weightC45Not scored
Durability5% weightC41A84Higher

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 XRPZ 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 ›

XRPZ ranks 1st and THYP 3rd 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

Our read on each fund

ETF.net Research

THYPA21Shares Hyperliquid ETF

XRPZAFranklin 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.

XRPZ 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.

XRPZ 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

XRPZ 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.

XRPZ No data

Full THYP profile⁠

Full XRPZ profile⁠

THYP vs XRPZ 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 XRPZ Cost

Overpaying THYP vs XRPZ

$2,197

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

  • THYP 0.30%

    $6,149

  • XRPZ 0.19%

    $3,952

$10,000
30 years

Cost over time

  • THYP 0.30%
  • XRPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530THYP $6,149XRPZ $3,952

Year by year

YearTHYPXRPZOverpaying
10$545$347$198
20$2,113$1,351$762
30$6,149$3,952$2,197

Expense ratio

  • 0.30%THYP
  • 0.19%XRPZ, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

XRPZ cheapest of 25 funds

THYP 3rd cheapest of 25 funds

THYP vs XRPZ Dividends

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

No distribution history available.

THYP vs XRPZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
THYP −0.29XRPZ 1.09

THYP and XRPZ in the news

All news⁠

Popular comparisons

  • THYPAvsHYPGA

    21Shares Hyperliquid ETF · Grayscale Hyperliquid Staking ETF

    Expense ratio
    0.30% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XRPZAvsHYPGA

    Franklin XRP ETF · Grayscale Hyperliquid Staking ETF

    Expense ratio
    0.19% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • THYPAvsXRPA

    21Shares Hyperliquid ETF · Bitwise XRP ETF

    Expense ratio
    0.30% · 0.34%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XRPZAvsXRPA

    Franklin XRP ETF · Bitwise XRP ETF

    Expense ratio
    0.19% · 0.34%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • THYPAvsTOXRA

    21Shares Hyperliquid ETF · 21shares XRP ETF

    Expense ratio
    0.30% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XRPZAvsTOXRA

    Franklin XRP ETF · 21shares XRP ETF

    Expense ratio
    0.19% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.