Grayscale Undercuts Rivals With 0.29% Hyperliquid ETF Fee, Potential Launch This Week

According to Bloomberg ETF analyst James Seyffart, Grayscale is poised to launch its Hyperliquid ETF (ticker: HYPG) in the United States as soon as this week following a sixth regulatory filing amendment. The fund will charge a management fee of 0.29%, undercutting competitors 21Shares (0.30%) and Bitwise (0.34%).

HYPE token recently reached a record high of $75.30, pushing Hyperliquid's market capitalization to approximately $18 billion. The blockchain platform now processes over $170 billion in monthly trading volume. Grayscale's HYPG ETF is also expected to include a staking component to generate additional yield for investors.