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21Shares adds weekly and monthly options to Hyperliquid ETF THYP

21Shares adds weekly and monthly options to Hyperliquid ETF THYP

Nasdaq options trading has started for the HYPE-backed spot ETF, which 21Shares said is the only listed HYPE fund offering both weekly and monthly contracts.

HYPE

Fact Check
The official 21Shares US X post directly confirms options on the Hyperliquid ETF (THYP) are now trading on Nasdaq and explicitly claims it is 'the ONLY Hyperliquid ETF with both monthly and weekly options.' The Block independently reported the same launch, and CryptoBriefing corroborated the June 22, 2026 trading start. Every element of the claim—Nasdaq options trading, HYPE-backed spot ETF, and the only-fund-with-both-weekly-and-monthly-contracts characterization—is supported by primary and corroborating sources.
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Summary

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.

Terms & Concepts
  • options: Contracts that give investors ways to hedge risk or speculate using set expiration dates.
  • spot ETF: An exchange-traded fund designed to track the current market price of an underlying asset.
  • HYPE: The cryptocurrency associated with Hyperliquid.