Grayscale's Hyperliquid ETF has a management fee of 0.29%, lower than Bitwise and 21Shares

BlockBeats News, June 2, Grayscale has submitted a revised filing of the S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for the Grayscale Hyperliquid Staking ETF, intending to set the management fee of the fund at 0.29% with the ticker symbol HYPG. This fee is lower than similar products launched by Bitwise and 21Shares. Bitwise's BHYP Hyperliquid ETF has a first-month fee of 0% and subsequently 0.34%; 21Shares' THYP fee is 0.30%.

Bloomberg ETF analyst James Seyffart stated that Grayscale's Hyperliquid ETF may be on the verge of launching, with expectations for the fund to go live later this week. Reports indicate that if successful, Grayscale's product will be the third Hyperliquid ETF. As of last month, cumulative net inflows into HYPE-related ETFs have exceeded $132 million.