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US Hyperliquid ETF by Grayscale Offers Low Fees Amid Growing Competition

Grayscale has launched the Hyperliquid Staking ETF (HYPG) on Nasdaq, emphasizing its lowest fee of 0.29% among U.S.-listed competitors.

This move signals a competitive shift in the rapidly growing market for Hyperliquid exchange-traded products (ETPs).

The ETF aims to provide exposure to the HYPE token while allowing investors to benefit from staking rewards, which historically average around 2.2% annually.

Grayscale's entry comes as other firms like 21Shares and Bitwise also offer Hyperliquid products, intensifying the price competition.

Unlike traditional crypto ETFs, HYPG is designed not just to hold assets but to actively participate in the staking process, generating additional returns for investors.

Hyperliquid, known for its decentralized perpetual futures exchange, has driven significant interest and reported $857 million in revenue during 2025.

The fund’s launch highlights a broader trend where institutional investors are looking beyond Bitcoin and Ethereum, seeking innovative crypto-native infrastructures.

However, potential investors should be aware that HYPG is not registered under the Investment Company Act of 1940, which raises certain risks.

These risks include the potential loss of the entire investment due to factors like smart contract failures or outages.

As the crypto landscape evolves, Grayscale's new ETF represents a significant development in facilitating access to decentralized finance investments.