Grayscale HYPE ETF ‘likely imminent’ as new update shows competitive fee: Analyst
Grayscale may launch its US ETF tied to Hyperliquid’s HYPE token as soon as this week after amending its filing for the sixth time. Bloomberg ETF analyst James Seyffart said the launch looks “likely imminent.” The updated filing names the ticker HYPG and sets a 0.29% management fee, slightly below rival HYPE ETFs from 21Shares and Bitwise, which charge 0.30% and 0.34%. Those two funds have already جذب nearly $140 million in net inflows since mid-May. The ETF also aims to stake HYPE to generate yield, similar to the existing products. Hyperliquid has seen strong momentum, with monthly trading volume above $170 billion and HYPE hitting a new all-time high of $75.3, lifting its market cap to $16.7 billion and making it the 10th-largest cryptocurrency. Meanwhile, US Bitcoin and Ether ETFs have been seeing sustained net outflows.
