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

Grayscale has submitted an amended S-1 filing for its Hyperliquid Staking ETF, proposing a management fee of 0.29% for the fund, under the ticker HYPG. This fee is lower than that of similar products already launched by Bitwise and 21Shares. Bitwise's BHYP has a 0% fee for the first month, followed by 0.34%, while 21Shares' THYP has a fee of 0.30%.

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