The 21Shares 2x Long HYPE ETF (TXXH) is a leveraged ETF from 21Shares. It aims to return twice the daily performance of HYPE, the native token of Hyperliquid. The fund trades on Nasdaq under the ticker TXXH and launched on April 30, 2026. It does not hold HYPE directly. It gets its exposure through derivatives, mainly swap agreements, futures and options. Teucrium Investment Advisors is the investment adviser, and 21Shares US LLC is the sub-adviser.

Hyperliquid is a decentralized exchange built on its own layer-1 blockchain. It runs a fully on-chain order book for perpetual futures and spot markets, with no reliance on external oracles. It has grown into one of the largest venues for on-chain derivatives trading. Its HyperEVM environment supports applications built natively on the network, and most protocol trading fees go to buying HYPE on the open market.