Grayscale Launches Hyperliquid Staking ETF

Odaily reports that Grayscale has launched the Grayscale Hyperliquid Staking ETF on Nasdaq under the ticker HYPG, with a sponsor fee of 0.29%, lower than similar Hyperliquid funds from 21Shares and Bitwise. 

HYPG aims to provide exposure to the HYPE token and generate additional yield through staking. Grayscale stated that historical HYPE staking rewards are approximately 2.2% per annum. (CoinDesk)