Grayscale launches Hyperliquid Staking ETF

Grayscale has launched the Grayscale Hyperliquid Staking ETF on Nasdaq, with the ticker HYPG, and a management fee of 0.29%, lower than the Hyperliquid comparable funds from 21Shares and Bitwise. HYPG aims to provide exposure to the HYPE token and generate additional income through staking. Grayscale states that the historical staking rewards for HYPE are approximately an annualized 2.2%.