Grayscale Sets 0.29% Fee for New Hyperliquid Staking ETF

TLDR

• Grayscale sets HYPG fee at 0.29%, below rival Hyperliquid ETFs.
• HYPG launch may arrive this week after Grayscale updates its S-1.
• Grayscale targets Hyperliquid ETF demand with a lower sponsor fee.
• Hyperliquid ETF market grows as HYPE funds attract strong inflows.
• Grayscale expands crypto ETF lineup with Hyperliquid staking product.

Grayscale moved closer to launching its Hyperliquid Staking ETF after setting a 0.29% sponsor fee. The updated filing also confirmed HYPG as the fund’s ticker. The move places Grayscale slightly below rival Hyperliquid ETF fees.

Hyperliquid ETF Fee Race Tightens

Grayscale filed an amended S-1 registration statement with the Securities and Exchange Commission on Monday. The update added the fund’s sponsor fee and ticker details. It also positioned the product for a possible market debut this week.

The 0.29% fee gives Grayscale a narrow pricing edge over competing Hyperliquid funds. Bitwise charges 0.34% after its first-month fee waiver. 21Shares lists its Hyperliquid ETF with a 0.30% fee.

The fund will trade under the ticker HYPG after approval and launch. Bloomberg Intelligence ETF analyst James Seyffart expects the launch this week. His comments added fresh attention to Grayscale and its ETF timeline.

Hyperliquid Fund Market Expands

Hyperliquid operates as a decentralized derivatives exchange for onchain perpetual futures trading. Its native token, HYPE, supports activity across the protocol. The token ranks among the largest crypto assets by market value.

Perpetual futures allow traders to track asset prices without owning the assets directly. These contracts do not expire, which separates them from traditional futures. Consequently, they have become a major part of crypto derivatives trading.

Regulators have also started giving more room to crypto-linked derivatives products. Last week, the Commodity Futures Trading Commission opened the path for related products in the United States. The decision allowed major firms, including Coinbase and Kalshi, to expand into these markets.

HYPE ETFs Gain Early Demand

Hyperliquid-linked ETFs have already drawn strong early activity in the market. HYPE funds recorded more than $132 million in cumulative net inflows last month. That figure showed clear demand for regulated exposure to the token.

Grayscale now enters a market where fee competition already matters. Its 0.29% charge places the firm just below 21Shares and Bitwise. Therefore, pricing may help the fund stand out at launch.

The ETF also expands Grayscale’s broader push into crypto investment products. The firm has built its name around regulated digital asset funds. With HYPG, Grayscale adds exposure to one of crypto’s fastest-growing derivatives platforms.

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