Grayscale Sets 0.29% Fee for Hyperliquid ETF, Undercutting Bitwise and 21Shares

HYPE6.75%
According to The Block, Grayscale filed an amendment to its S-1 registration statement on Monday, setting a 0.29% sponsor fee for its Grayscale Hyperliquid Staking ETF with ticker symbol HYPG. This will be the third Hyperliquid ETF to launch, following Bitwise's BHYP with a 0.34% fee (0% for the first month) and 21Shares' THYP with a 0.30% fee. Bloomberg Intelligence ETF Analyst James Seyffart expects Grayscale's fund to launch this week. Hyperliquid ETFs have attracted over $132 million in cumulative net inflows as of May 2026.
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