Grayscale's Hyperliquid ETF has a management fee of 0.29%, lower than Bitwise and 21Shares

On June 2, Grayscale filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for its Grayscale Hyperliquid Staking ETF, setting an annual management fee of 0.29% and assigning it the ticker symbol HYPG. That fee undercuts comparable products from Bitwise and 21Shares: Bitwise’s BHYP Hyperliquid ETF charges 0% for its first month, then rises to 0.34% afterward, while 21Shares’ THYP carries a 0.30% fee. Bloomberg ETF analyst James Seyffart said Grayscale’s Hyperliquid ETF is on the cusp of launching, with expectations it could go live as early as this week. If successful, the fund will be the third Hyperliquid ETF to hit the market. Through last month, cumulative net inflows into HYPE-related ETFs topped $132 million, according to reports.