Grayscale has launched a Hyperliquid staking ETF (HYPG) on Nasdaq, while charging a 0.29% fee that officially makes it the cheapest U.S. listed HYPE ETF.
Despite the bullish sentiment on HIP-3, Hyperliquid's pure crypto volumes are down significantly year over year.
The whale is now backing Arthur Hayes' favored HYPE, ZEC and NEAR plays, signaling a sharp pivot toward momentum-led crypto bets.
Grayscale launched HYPG, its Hyperliquid staking ETF, with a 0.29% fee — the lowest among HYPE-linked products listed in the U.S. The fund competes directly with 21Shares' THYP (0.30%) and Bitwise's BHYP (0.34%), deepening a price war in the market.
Grayscale's new ETF could democratize access to decentralized finance, potentially increasing mainstream adoption and market participation. Grayscale debuts cheapest Hyperliquid ETF as rivals race for HYPE inflows.
Grayscale unveiled HYPG on Nasdaq, providing investors with a competitively priced pathway to Hyperliquid market exposure via an exchange-traded vehicle. The fund mirrors HYPE token performance while pursuing staking income from blockchain network activity.
The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.
HYPE price has climbed to fresh record highs amid growing demand for Hyperliquid investment products and a high-profile short squeeze that forced a major bear to abandon a $110 million position. According to data from crypto.
Grayscale's Hyperliquid Staking ETF (HYPG) began trading on June 3 with a 0.29% sponsor fee, the lowest among US-listed HYPE products, intensifying a price war among issuers chasing the fast-growing token.
Hyperliquid reaches $10.1B open interest and $6.4B TVL as HYPE gains its first staking ETF.
Grayscale Investments said its exchange-traded fund tracking the price of the Hyperliquid (CRYPTO: HYPE) token will begin trading on Wall Street starting Wednesday. HYPE Grows On Wall Street The Grayscale Hyperliquid Staking ETF will list on the Nasdaq Stock Exchange under the ticker GHYP.
Hyperliquid (HYPE) continues to rank among the strongest-performing cryptocurrencies in 2026, recently climbing to a new all-time high near $76. While the overall trend remains firmly bullish, several technical indicators suggest the token could be approaching an overheated phase, increasing the chances of a short-term correction or consolidation before another upward move.