Options trading for 21Shares' THYP began on Nasdaq on the 23rd, extending trading access around the HYPE-backed spot ETF beyond outright fund ownership. 21Shares said THYP is the only listed HYPE spot ETF offering both weekly and monthly options, a structure that can give investors more flexibility to hedge positions or make short-term and longer-dated directional bets. The company also said total assets across HYPE spot ETFs stand at $220 million.