Grayscale’s HYPE ETF Set to Shake Up Market with Surprising New Fee Strategy—What Investors Need to Know Now

Ever wonder if Grayscale’s next big move might just shake up the ETF game once again? Well, it looks like the crypto asset manager is gearing up to launch an exchange-traded fund linked to the Hyperliquid token—and possibly as soon as this week. After tweaking its regulatory filings not once, but six times, Grayscale’s prepping a product that undercuts its competitors on fees, signaling some serious market savvy. With Hyperliquid tokens surging and racking up massive trading volume, could this launch be the next big thing amidst the current crypto ETF outflows? There’s a fascinating story unfolding here—one that’s part strategic maneuver, part market pulse check. Curious to see how it all unfolds? LEARN MORE.

Crypto asset manager Grayscale could launch its exchange-traded fund tied to the Hyperliquid token in the US as soon as this week after it amended a regulatory filing for the fund, an analyst says.

Bloomberg ETF analyst James Seyffart posted to X on Monday that the launch of Grayscale’s ETF was “likely imminent” and was “expecting the launch this week” after the company amended the fund’s filing for the sixth time to add its ticker and fee.

Grayscale’s amended filing added that the ETF would trade under the ticker HYPG with a 0.29% management fee, which Seyffart noted “slightly undercuts” rival Hyperliquid (HYPE) ETFs from 21Shares and Bitwise that launched in mid-May.

Source: James Seyffart

21Shares ETF has a fee of 0.3%, while Bitwise charges 0.34%. Together, the ETFs have recorded nearly $140 million in net inflows since launch as investors looked to get exposure to HYPE, the token for the layer 1 blockchain and perpetual futures platform, Hyperliquid.

Hyperliquid has become one of the most popular trading platforms for crypto traders in recent months, with blockchain data showing that it now consistently facilitates over $170 billion in monthly trading volume across a broad range of asset classes.

Grayscale’s HYPG is also seeking to follow 21Shares and Bitwise by staking HYPE to earn yield, an offering that asset managers have added to similar crypto ETFs to attract investors.

The Hyperliquid ETFs have helped push HYPE to a new all-time high of $75.3 on Monday.

Its market capitalization has risen to $16.7 billion as a result, making it the 10th largest cryptocurrency by market value.

Grayscale’s potential launch comes as US-listed Bitcoin (BTC) ETFs have recorded net outflows over 10 consecutive trading days, bleeding nearly $3 billion.

US Ether (ETH) ETFs are also on a 14-day net outflow streak, as investors are reducing positions faster than fresh capital is flowing into the market.

Magazine: HYPE chases $100 target, ETH could dump below $1800: Market Moves

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