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Grayscale Hyperliquid ETF launch likely imminent with competitive fee

Created at 1 Jun · 6:20 PM7 sources↑ Market-relevant6 events
IN SHORT

Grayscale has amended its filing for the Hyperliquid ETF, disclosing a 0.29% management fee and the ticker HYPG, signaling a launch is days away. This fee is competitive with rival ETFs from 21Shares and Bitwise, which have attracted significant inflows. The underlying Hyperliquid token recently hit an all-time high.

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Key Numbers

0.29%Grayscale Hyperliquid ETF management fee
0.3%21Shares Hyperliquid ETF management fee
0.34%Bitwise Hyperliquid ETF management fee
$140 millionNet inflows for rival HYPE ETFs
$75.30Hyperliquid (HYPE) token all-time high price
$16.7 billionHyperliquid (HYPE) market cap
2 millionHYPE tokens listed as seed capital
$144 millionSeed capital in HYPE tokens

Who's Involved

Grayscale
Crypto asset manager proposing a new ETF
James Seyffart
Bloomberg ETF analyst predicting imminent launch
21Shares
Rival ETF issuer with a Hyperliquid ETF
Bitwise
Rival ETF issuer with a Hyperliquid ETF
Grayscale Hyperliquid ETF launch likely imminent with competitive fee

↳ Why This Matters

The launch of new exchange-traded funds (ETFs) tied to digital assets like Hyperliquid is a key development in the ongoing competition among asset managers to offer crypto-linked investment products. Competitive fee structures are crucial for attracting investor assets in this rapidly evolving market. The underlying token's price performance also influences investor interest.

Key facts

  • Grayscale amended its Hyperliquid ETF filing, adding ticker HYPG and a 0.29% management fee.
  • The proposed fee is competitive, undercutting rival ETFs from 21Shares (0.3%) and Bitwise (0.34%).
  • Rival Hyperliquid ETFs have attracted nearly $140 million in net inflows since launching in mid-May.
  • The Hyperliquid token (HYPE) reached a new all-time high of $75.30 on Monday.
  • Grayscale's filing lists approximately 2 million HYPE tokens (~$144 million) as seed capital.

The launch of new exchange-traded funds (ETFs) tied to digital assets like Hyperliquid is a key development in the ongoing competition among asset managers to offer crypto-linked investment products. Competitive fee structures are crucial for attracting investor assets in this rapidly evolving market. The underlying token's price performance also influences investor interest.

Frequently asked questions

The ticker symbol for Grayscale's Hyperliquid ETF is HYPG.

Grayscale has proposed a management fee of 0.29% for its Hyperliquid ETF.

An analyst expects the launch to occur this week.

Analyst Ali Charts is watching $97 and $163 as potential upside targets for HYPE.

What Happens Next

01Grayscale's Hyperliquid ETF (HYPG) is expected to launch this week.
02Potential upside targets for HYPE are $97 and $163.

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How It Developed

2 Jun · 8:19 AM
The new article adds that rival Hyperliquid ETFs have attracted nearly $140 million in net inflows and that HYPE hit a new all-time high of $75.30.
CoinCentral via PiQSuite
2 Jun · 5:48 AM
Grayscale's Hyperliquid ETF (HYPG) is nearing launch with a competitive 0.29% fee, undercutting rivals.
CoinTelegraph via PiQSuite
1 Jun · 9:08 PM
The Bitwise Hyperliquid ETF $BHYP reached over $100 million in AUM in 11 trading days.
@RasterlyRock via PiQSuite
1 Jun · 8:42 PM
The Bitwise Hyperliquid ETF saw its largest single-day inflow of ~$20 million on Friday.
@HHorsley via PiQSuite
1 Jun · 7:15 PM
Grayscale's new Hyperliquid ETF will trade under the ticker HYPG, with launch expected this week.
CoinCentral via PiQSuite
1 Jun · 6:09 PM
Grayscale has set a 0.29% fee for its Hyperliquid ETF, undercutting competitors Bitwise and 21Shares.
@TheBlockCo via PiQSuite

Sources

T1
Grayscale sets 0.29% fee for its Hyperliquid ETF, undercutting Bitwise and 21Shares https://t.co/DvSVtst3PB@TheBlockCo via PiQSuite
T1
Grayscale Sets 0.29% Fee for New Hyperliquid Staking ETFm.piqsuite.com
T1
RT @HHorsley: ~$20,000,000 inflow into the Bitwise Hyperliquid ETF $BHYP on Friday. The largest day since the fund launched. AUM now ov…@HHorsley via PiQSuite
T1
RT @Bitwise: After 11 trading days, the Bitwise Hyperliquid ETF $BHYP has surpassed over $100 million in AUM.* Thankful to BHYP investors…@RasterlyRock via PiQSuite
T1
Grayscale HYPE ETF 'likely imminent' as new update shows competitive fee: Analystm.piqsuite.com
T1
Hyperliquid (HYPE) Price: New All-Time High and a Third ETF on the Way — Here's What's Driving Itm.piqsuite.com
T1
Grayscale Hyperliquid ETF Imminent Per New Filingm.piqsuite.com

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