Grayscale plans to launch Hyperliquid staking ETF, with management fee lower than Bitwise and 21Shares

Odaily Planet Daily News: Grayscale has submitted an S-1 amendment for its Hyperliquid Staking ETF, planning to set the management fee for the fund at 0.29% under the ticker HYPG. This fee rate is lower than similar products already launched by Bitwise and 21Shares. Among them, Bitwise's BHYP has a 0% fee for the first month, followed by 0.34%; 21Shares' THYP has a fee of 0.30%.

Bloomberg ETF analyst James Seyffart stated that he expects Grayscale's fund to launch as early as this week. If successfully launched, HYPG would become the third Hyperliquid-related ETF.