Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise. By Helene Braun , AI Boost | Edited by Nikhilesh De Jun 3, 2026, 12:00 p.m. 2 min read Make preferred on What to know : Grayscale said Wednesday it launched the Grayscale Hyperliquid Staking ETF (HYPG) on Nasdaq with a 0.29% sponsor fee, undercutting rival Hyperliquid funds from 21Shares and Bitwise. HYPG seeks to provide exposure to the HYPE token while generating additional returns through staking, with Grayscale citing historical staking rewards of about 2.2% annually, the company said. The new fund highlights rising institutional interest in Hyperliquid, a high-revenue decentralized finance protocol whose fee-driven token buyback model is seen by some analysts as a key building block for on-chain market infrastructure. Grayscale said Wednesday it launched a Hyperliquid (HYPE) exchange-traded product (ETP) with the lowest fee among its U.S.-listed competitors, escalating a price war in one of crypto s newest and fastest-growing ETF categories.