Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE

The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise....
Key takeaways
- 1Grayscale launched Hyperliquid Staking ETF (HYPG) on Nasdaq with 0.29% sponsor fee, lowest among competitors.
- 2HYPG generates additional returns through staking with historical rewards averaging 2.2% annually on HYPE token.
- 3Hyperliquid protocol generated approximately $857 million in revenue during 2025, with 99% directed to token buybacks.
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Why it matters
This launch signals institutional adoption of DeFi infrastructure tokens and reflects growing investor interest in revenue-generating crypto protocols beyond Bitcoin and Ethereum. For Indian retail investors, lower ETF fees improve accessibility to institutional-grade exposure to emerging blockchain ecosystems.
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