How to buy Hyperliquid through a broker

Summary

HYPE price exposure is available at brokers through Virtune Hyperliquid ETP. You hold a security backed by HYPE, without opening a position on Hyperliquid's trading venue. This ETP does not stake HYPE or pay staking rewards.

Published October 9, 2026updated October 9, 2026

Written by

Andreas Severin

CSO

17+ years in derivatives, structured products and asset management. At Virtune since 2023, responsible for the company's institutional investors and distribution of its crypto ETPs.

Editorial reviewer

Peter Arvidsson

Co-founder & COO

Responsible for the operations behind Virtune's physically backed crypto ETPs since the company's start in 2022, from issuance to exchange listing.

Virtune Hyperliquid ETP gives HYPE price exposure in a brokerage account.
The ETP does not provide Hyperliquid trading access or a leveraged venue position.
HYPE can be staked on its network, but this security does not pass through staking rewards.

Can you buy HYPE through a regular broker?

Yes. HYPE price exposure is available through Virtune Hyperliquid ETP, a security listed on European stock exchanges. A broker that offers one of its listings can hold the ETP in your brokerage account.

Why buy HYPE through an ETP?

Virtune Hyperliquid ETP makes HYPE price exposure available as a listed security without using Hyperliquid's trading venue. You can hold it through a broker without setting up a wallet or managing the keys needed to hold HYPE yourself.

The product is physically backed by HYPE held in custody as collateral. The HYPE holdings provide collateral behind investors' claims on Virtune, while the investor owns the ETP. The ETP does not give you access to Hyperliquid's trading functions, and it does not stake HYPE or pass through staking rewards. HYPE backing still carries issuer, collateral and custody risks, and continuous HYPE trading can cause a price gap when the ETP's exchange reopens.

Where is the ETP listed?

Virtune Hyperliquid ETP has ISIN SE0028425314. Its tickers are VRTH on Xetra, VIRHYPE on Nasdaq Stockholm, VIRHYPEE on Nasdaq Helsinki and ETNVIRHYPE on the Warsaw Stock Exchange.

See all available brokers on the Hyperliquid ETP product page, then choose the provider and listing for your market.

What does it cost?

The fee below applies to Virtune Hyperliquid ETP, separately from using Hyperliquid's trading venue. The guide to crypto ETP trading costs covers the spread and broker charges on the security.

Costs when buying Virtune Hyperliquid ETP

Cost	Charged by	When
Brokerage commission	Broker	On every purchase and sale
Difference between bid and ask price	Market	On every trade
Management fee, 0.95% per year	Issuer	Ongoing, from the product's value
Currency conversion	Broker, if applicable	If the product trades in another currency

The broker sets commission and currency conversion charges in its price list. The management fee is stated in the product's KID.

Hyperliquid is the venue; HYPE is the token

Hyperliquid is a blockchain network with a trading venue built into it. HYPE is its crypto-asset: it can be delegated to validators and pays HyperEVM network fees. What Hyperliquid is explains how the trading infrastructure and token relate.

Buying HYPE tokens gives a crypto-asset holding, either in a provider's custody or in a personal wallet. Tokens in a wallet can participate in network functions. Virtune Hyperliquid ETP instead follows HYPE's price through a security. A fall in HYPE's price can reduce the ETP's value. Holding the security is not a leveraged position on Hyperliquid's trading venue, and it does not provide trading-fee discounts.

Sources

Virtune Investor Relations: Collateralization Methodology
Hyperliquid: Staking
Hyperliquid: HyperEVM