HYPG - Grayscale Hyperliquid Staking ETF
HYPG aims to deliver exposure to HYPE, the native token of the Hyperliquid protocol, including its potential staking rewards, less fees, and expenses. Hyperliquid is a high-performance and transparent blockchain that is operating at meaningful scale across trading volume, fees, and open interest compared to centralized exchanges. The spot price of HYPE is defined by market participants across multiple constituent exchanges for the most representative spot price.
As of Jul 15, 2026: spot at $23.64, ATM IV 87.9%, max pain $25.00, net GEX $3.8K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $5.2M
- Beta
- 0.00
- 52-Week Range
- 18.99-27.08
- IPO Date
- Jun 3, 2026
- Exchange
- NASDAQ
What HYPG Looks Like to Options Traders Today
positive net gamma exposure ($3.8K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.070) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The HYPG overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked HYPG overview questions
- What is HYPG?
- HYPG is the ticker symbol for Grayscale Hyperliquid Staking ETF, an listed exchange-traded fund. HYPG aims to deliver exposure to HYPE, the native token of the Hyperliquid protocol, including its potential staking rewards, less fees, and expenses. Hyperliquid is a high-performance and transparent blockchain that is operating at meaningful scale across trading volume, fees, and open interest compared to centralized exchanges. Listed on NASDAQ. HYPG is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the HYPG options snapshot look like today?
- As of Jul 15, 2026, the HYPG options snapshot shows spot at $23.64, ATM IV 87.9%, max pain $25.00, net GEX $3.8K, expected move 25.20%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are HYPG's key statistics?
- Grayscale Hyperliquid Staking ETF (HYPG) carries a market capitalization of $5.2M, 52-week range of 18.99-27.08. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does HYPG belong to?
- Grayscale Hyperliquid Staking ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare HYPG's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the HYPG data on this page?
- The options snapshot above is dated Jul 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.