Grayscale plans to launch a Hyperliquid staking ETF with management fees lower than Bitwise and 21Shares

Grayscale submitted its S-1 amendment for the Hyperliquid Staking ETF, proposing to set the fund management fee at 0.29%, with the code HYPG. This rate is lower than similar products already launched by Bitwise and 21Shares. Among them, Bitwise's BHYP has a first-month fee rate of 0%, followed by 0.34%; 21Shares' THYP has a fee rate of 0.3%. Bloomberg ETF analyst James Seyffart stated that Grayscale's fund is expected to launch as early as this week. If successfully launched, HYPG will become the third Hyperliquid-related ETF.