The Trust’s investment objective is to seek to track the performance of HYPE, as measured by the Pricing Benchmark, as adjusted for the Trust’s expenses and other liabilities, and to reflect rewards from staking a portion of the Trust’s HYPE, to the extent the Sponsor in its sole discretion determines that the Trust may do so without undue legal or regulatory risk, such as, without limitation, the risk of jeopardizing the Trust’s ability to qualify as a grantor trust for tax purposes. In seeking to achieve its investment objective, the Trust will hold HYPE and the Administrator will value the Trust’s Shares daily as of 4:00 p.m. ET based on the Pricing Benchmark.
The THYP ETF provides physical exposure, so by buying it you actually own parts of all the underlying holdings. We're working to retrieve all detailed holdings information.