21Shares Hyperliquid ETF (THYP) is an exchange-traded fund in the Digital Assets category. It has $73.76M in assets and an expense ratio of 0.30%. In seeking to achieve its investment objective, the Trust will hold HYPE. HYPE is a digital asset. Like all digital assets, buying, holding and selling HYPE is very different from buying, holding and selling more conventional investments like stocks and bonds. Stocks represent ownership in a company, entitling shareholders to a portion of the company’s profits. It is non-diversified.