Grayscale launched its Hyperliquid Staking exchange-traded fund (ETF) on June 3, trading under ticker HYPG with a 0.29% sponsor fee. The fee undercuts competitors 21Shares' THYP at 0.30% and Bitwise's BHYP, which charges 0.34% after a one-month fee waiver. The launch positions HYPG as the third US-listed Hyperliquid fund in a market where HYPE ETFs have already attracted over $132 million in cumulative net inflows.
HYPG Undercuts Competitor Fees in HYPE ETF Market
Grayscale describes the 0.29% fee as the lowest gross management fee among all HYPE-based exchange-traded products currently listed in the United States. The company has promoted the launch by describing HYPE as "the asset powering 24/7 onchain markets," referencing the platform's role in perpetual trading volume.
The fee positioning places HYPG below 21Shares' THYP at 0.30% and Bitwise's BHYP, which waives its fee for the first month before moving to 0.34%. The three funds now compete directly for investors seeking exposure to the HYPE token through regulated US products.
Grayscale Structures HYPG as Staking ETF
HYPG is structured as a staking ETF, providing investors exposure to both the spot price of HYPE and staking rewards generated by the underlying token. Staking involves locking up tokens to help secure a blockchain network in exchange for yield.
The trust behind HYPG was formed in January and renamed from Grayscale HYPE ETF to Grayscale Hyperliquid Staking ETF before the June 3 launch. Reports indicate the product secured a seed investment of approximately $115 million in HYPE tokens.
HYPE ETFs Attract $132 Million in Cumulative Inflows
Cumulative net inflows into HYPE-linked ETFs have surpassed $132 million as of last month. Bitcoin.com News previously reported that Hyperliquid ETF inflows outpaced bitcoin ETFs during their debut trading weeks.
HYPG follows earlier launches from 21Shares and Bitwise, making HYPE one of the few altcoins to attract multiple competing US funds within weeks of its first product reaching the market. The three issuers now compete on fee structure, with Grayscale using its 0.29% rate as a primary differentiator.
FAQ
What fee does Grayscale's HYPG ETF charge?
Grayscale's HYPG ETF charges a 0.29% sponsor fee, which Grayscale states is the lowest gross management fee among all HYPE-based exchange-traded products currently listed in the United States.
When did Grayscale launch the HYPG ETF?
Grayscale launched HYPG on June 3, with the fund trading live under the ticker HYPG. The trust behind the product was formed in January and renamed to Grayscale Hyperliquid Staking ETF before launch.
How much have HYPE ETFs attracted in total inflows?
Cumulative net inflows into HYPE-linked ETFs have surpassed $132 million as of last month, with reports indicating Hyperliquid ETF inflows outpaced bitcoin ETFs during their debut trading weeks.
