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Grayscale’s Hyperliquid ETF launch imminent with low 0.29% fee, challenging competitors.

Market News
02 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Grayscale is set to launch its Hyperliquid ETF under the ticker HYPG, with a competitive 0.29% management fee, lower than rivals 21Shares and Bitwise. The ETF will focus on the HYPE token, which recently hit an all-time high price of $75.30 and a $16.7 billion market cap, ranking it the tenth-largest cryptocurrency. Grayscale’s filing shows about 2 million HYPE tokens valued at $144 million as initial seed capital. This launch comes amid significant outflows in other crypto ETFs, highlighting Grayscale’s strategic move to capture market share with a lower fee and staking features for added returns, though staking revenue details remain unclear.

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