HYPE Token ETFs: What Hyperliquid Is and Whether THYP, BHYP, or HYPG Is Worth Buying
While Bitcoin and Ethereum are nursing steep 2026 losses, HYPE — the native token of Hyperliquid, the dominant decentralized perpetuals exchange — is up roughly 160% year to date and trading near all-time highs. Now three spot HYPE ETFs offer brokerage access to this trade: THYP from 21Shares, BHYP from Bitwise, and HYPG from Grayscale, which launched today. Here's what Hyperliquid is, why HYPE is defying the broader crypto selloff, and what investors need to know before buying in.
While Bitcoin and Ethereum are nursing steep 2026 losses, HYPE — the native token of Hyperliquid, the dominant decentralized perpetuals exchange — is up roughly 160% year to date and trading near all-time highs. Now three spot HYPE ETFs offer brokerage access to this trade: THYP from 21Shares, BHYP from Bitwise, and HYPG from Grayscale, which launched today. Here's what Hyperliquid is, why HYPE is defying the broader crypto selloff, and what investors need to know before buying in.
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