# 21Shares Hyperliquid ETF (THYP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/thyp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: 21Shares · Asset class: Alternatives - Strategy: Passive Index · Inception: 2026-05-11 The 21Shares Hyperliquid ETF, trading under the symbol THYP, is a passively managed fund designed to provide investors with indirect access to the HYPE digital currency. The valuation of its holdings is pegged to the FTSE Hyperliquid Index, which serves as a daily, U.S. dollar-denominated benchmark for HYPE's price. This index's reference rate is derived from aggregating the executed trade volumes across various Constituent Exchanges (CEXs). Additionally, an estimated intra-day value per share, also tied to the FTSE Hyperliquid Index, is updated and disseminated every 15 seconds throughout... ## Key Facts | Metric | Value | |---|---| | Price | $47.13 | | Expense Ratio | 0.30% | | Assets Under Management | $59.6M | | NAV | $46.90 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.41% | | Annual Distribution (TTM) | $0.19 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $22.54 – $56.28 | | Beta | -0.29 | ## Latest Distribution - Amount: $0.1914 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does THYP invest in? The 21Shares Hyperliquid ETF, trading under the symbol THYP, is a passively managed fund designed to provide investors with indirect access to the HYPE digital currency. The valuation of its holdings is pegged to the FTSE Hyperliquid Index, which serves as a daily, U.S. dollar-denominated benchmark for HYPE's price. This index's reference rate is derived from aggregating the executed trade volumes across various Constituent Exchanges (CEXs). Additionally, an estimated intra-day value per share, also tied to the FTSE Hyperliquid Index, is updated and disseminated every 15 seconds throughout standard exchange hours, specifically from 9:30 AM to 4:00 PM Eastern Time. HYPE itself is a digital currency that can be utilized for transactions involving goods and services. On the Hyperliquid Network, it powers high-performance digital asset trading by means of an on-chain central limit order book. ### What is the expense ratio of THYP? 21Shares Hyperliquid ETF (THYP) charges an expense ratio of 0.30%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is THYP? 21Shares Hyperliquid ETF (THYP) manages $59.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is THYP actively managed or an index fund? THYP is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (THYP's is 0.30%) because there's no security selection cost. ### When was THYP launched? 21Shares Hyperliquid ETF (THYP) launched in May 2026 and is managed by 21Shares. ### How has THYP performed? THYP's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does THYP pay a dividend? 21Shares Hyperliquid ETF (THYP) currently distributes little or no income. Trailing-twelve-month yield is 0.41%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does THYP pay dividends? 21Shares Hyperliquid ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is THYP's dividend yield? THYP's trailing-twelve-month yield is 0.41%, calculated from the sum of dividends over the past year divided by the current price. ### When is THYP's next ex-dividend date? The most recently announced ex-dividend date for THYP was 2026-09-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will THYP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.30% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does THYP charge its expense ratio? The expense ratio is deducted in tiny daily slices from THYP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does THYP cost more than a fund like VOO? THYP is a passive index fund (current expense ratio 0.30%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to THYP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as THYP (0.30%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/thyp - Distribution history: https://www.dividenddata.com/funds/thyp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/thyp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/thyp/expenses - Peer comparison: https://www.dividenddata.com/funds/thyp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.