Grayscale Launches HYPG Hyperliquid Staking ETF on Nasdaq with 0.29% Fee, Lowest Among U.S. HYPE ETPs

HYPE-11.1%
According to Grayscale, the Grayscale Hyperliquid Staking ETF (HYPG) launched on Nasdaq on June 3 with a sponsor fee of 0.29%, the lowest among U.S. Hyperliquid exchange-traded products. The ETF offers exposure to HYPE, the native token of the Hyperliquid protocol, and generates staking rewards through network participation. HYPG's fee undercuts competitors: 21Shares' THYP (0.30% fee, launched May 12) and Bitwise's BHYP (0.34% fee after promotional period, launched May 15). As of June 3, HYPE ETFs have accumulated $192.01 million in total inflows, with HYPG recording $2.99 million in daily net inflows on its launch day.
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