Grayscale Launches Hyperliquid Staking ETF

Odaily, 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 returns through staking. According to Grayscale, HYPE's historical staking rewards stand at approximately 2.2% annualized. (CoinDesk)