Question 1

What HYPE ETFs are available?

Accepted Answer

Four spot HYPE ETFs currently trade: BHYP (Bitwise, NYSE), THYP (21Shares, Nasdaq), TXXH (2x leveraged HYPE), and HYPE.SW (European listing).

Question 2

What is the difference between BHYP and THYP?

Accepted Answer

BHYP is issued by Bitwise and lists on NYSE; THYP is issued by 21Shares and lists on Nasdaq. Both are spot HYPE products holding the underlying token, with different sponsor fees and creation/redemption flows.

Question 3

How is the HYPE ETF premium or discount calculated?

Accepted Answer

Premium/discount is the difference between the ETF's market price and the underlying HYPE spot value per share (NAV). A positive number means the ETF is trading above NAV; negative means below.