Grayscale Hyperliquid ETF Expected to Launch This Week With HYPG Ticker

HYPE-3.91%

According to Bloomberg analyst James Seyffart, Grayscale's Hyperliquid exchange-traded fund (ETF) is expected to launch this week with the ticker symbol HYPG. Seyffart announced that Grayscale has submitted its sixth amendment to the Hyperliquid ETF application and expects the fund to launch imminently.

The ETF will charge an annual sponsorship fee of 0.29%, calculated daily based on net asset value and paid in Hyperliquid's native token, HYPE. The sponsorship fee will be calculated daily at 4:00 PM New York time using the HYPE index price for that day.

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