21Shares has introduced options trading for its Hyperliquid ETF, giving investors the ability to trade both weekly and monthly contracts on the product that tracks one of crypto’s buzziest Layer 1 tokens. The options began trading on Nasdaq on June 22, adding a derivatives layer to an ETF that’s been live for barely six weeks.
The ETF, which trades under the ticker THYP, is the first US spot product offering direct exposure to HYPE, the native token of the Hyperliquid blockchain.
From launch to options in six weeks
THYP originally launched on May 11, 2026. On its first trading day, the ETF recorded $1.8 million in volume and pulled in $1.2 million in net inflows. The fund charges a management fee of 0.30% and integrates staking rewards, meaning holders aren’t just getting price exposure to HYPE — they’re earning yield on it too.
The broader 21Shares HYPE lineup
