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Coinpaper 2026-06-02 08:30:00

Grayscale Undercuts Rivals With 0.29% Hyperliquid ETF Fee

The launch could occur as soon as this week after the latest amendment to its regulatory filing. Hyperliquid has seen strong growth, with more than $170 billion in monthly trading volume and HYPE recently reaching a record high of $75.30, pushing its market capitalization to $18 billion. The ETF is also expected to include staking rewards for investors. Grayscale Sets New Low Fee for HYPE ETF Crypto asset manager Grayscale appears to be on the verge of launching its Hyperliquid exchange-traded fund (ETF) in the United States, potentially as early as this week. The development comes after the company submitted its sixth amendment to the fund’s regulatory filing, which added key details like the fund’s ticker symbol and management fee. According to Bloomberg ETF analyst James Seyffart, the latest filing suggests that the launch is likely imminent. The ETF will trade under the ticker HYPG and carry a management fee of 0.29%. This makes it slightly cheaper than competing Hyperliquid-focused ETFs offered by 21Shares and Bitwise. Those funds charge management fees of 0.30% and 0.34%, respectively. Since launching in mid-May, the 21Shares and Bitwise Hyperliquid ETFs have collectively attracted close to $140 million in net inflows thanks to the strong investor demand for regulated exposure to the blockchain project. Hyperliquid stepped up as one of the most active platforms in the cryptocurrency sector. The Layer-1 blockchain and perpetual futures trading platform now processes more than $170 billion in monthly trading volume, according to blockchain data. Its growing popularity among traders helped drive impressive demand for HYPE, which recently surged to a new all-time high of $75.30. HYPE’s price action over the past week (Source: CoinCodex) The rally also boosted Hyperliquid’s market capitalization to approximately $18 billion, making it the tenth-largest cryptocurrency by market value. The strong performance of the token coincided with increasing interest from institutional investors looking for exposure through ETF products. Like its competitors, Grayscale’s proposed HYPG ETF is expected to include a staking component. By staking HYPE tokens held by the fund, Grayscale plans to generate additional yield for investors. This feature has become very popular among crypto-focused ETF providers. The potential launch comes during a period of weakness in the cryptocurrency ETF market. US-listed Bitcoin ETFs have recorded net outflows for ten consecutive trading sessions. Meanwhile, spot Ethereum ETFs have experienced a 14-day streak of net outflows. Despite these challenges, the continued expansion of Hyperliquid investment products suggests that investors are still willing to allocate capital toward blockchain ecosystems with strong growth potential.

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