Grayscale Sets 0.29% Hyperliquid ETF Fee, Undercutting Rivals

Grayscale set a 0.29% fee for its planned Hyperliquid ETF, undercutting competing HYPE funds ahead of launch.

Hyperliquid News

Grayscale has set a sponsor fee of 0.29% for its planned Hyperliquid exchange-traded fund (ETF). The fee comes in below the rival funds already trading.

The firm filed an amendment to its S-1 registration statement with the Securities and Exchange Commission (SEC) on June 1. The update added the new fee and a ticker symbol, HYPG, for the Grayscale Hyperliquid Staking ETF.

The fund would be the third Hyperliquid ETF to launch. Bitwise's BHYP charges nothing for its first month, then 0.34%, while 21Shares' THYP carries a 0.30% fee.

Bloomberg Intelligence ETF analyst James Seyffart wrote on X on June 1 that a launch looked close. He said he expected Grayscale to bring the fund to market within the week.

Third Hyperliquid ETF Nears Launch

Hyperliquid is a decentralized derivatives exchange that lets traders buy and sell perpetual futures directly on-chain. Its native token, $HYPE, ranks as the tenth-largest by market cap at $16.1 billion, according to The Block's price data.

Perpetual futures, known as perps, are contracts with no expiration date. They let traders bet on an asset's price without owning it.