21Shares Hyperliquid ETF
21Shares Hyperliquid ETF (NASDAQ: THYP) is an exchange-traded fund listed on NASDAQ, trading at $53.11 (about ₹5,094 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.3%. Indian residents can buy THYP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$52.57
Today's high
$53.88
52 week low
$22.54
52 week high
$56.28
THYP opened at $53.70, closed previously at $54.76, and has traded between $22.54 and $56.28 over the past 52 weeks.
About
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.
Key statistics
Expense ratio
0.3%
Assets (AUM)
$94.2M
Holdings
—
NAV
$53.22
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top holding
These 1 are 100.0% of the fund.
Similar funds
This is not an investment recommendation
How to buy THYP from India
Indian residents can buy THYP units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search THYP and buy
Find the fund by its ticker, THYP, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in THYP from India
Trading and taxes when buying THYP from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the THYP price today?
21Shares Hyperliquid ETF (THYP) last traded at $53.11 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹5,094 a unit at the 25 Sep 2026 USD/INR rate.
When does THYP trade, in Indian time?
NASDAQ trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is THYP, and what does it cost to hold?
21Shares Hyperliquid ETF manages about $94.2M. Its expense ratio is 0.3% a year, deducted inside the fund. It launched in 2026.
What are THYP's largest holdings?
Its largest holding is HYPERLIQUID (100.0%).
Does THYP pay dividends?
Yes. THYP is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on THYP taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of THYP?
Yes. You can buy THYP by amount rather than by whole unit, and there is no minimum trade size.