Grayscale launched the Grayscale Hyperliquid Staking ETF (HYPG) on June 3rd, beginning trading on Nasdaq with a 0.29% sponsor fee—the lowest among U.S. Hyperliquid ETPs. The ETF provides exposure to HYPE, the native token of the Hyperliquid protocol, while generating staking rewards through active network participation. Grayscale's fee undercuts 21Shares' THYP (0.30%, launched May 12th) and Bitwise's BHYP (0.34% after promotional period, launched three days after THYP). The launch occurs amid strong institutional interest, with total HYPE ETF net inflows reaching $192.01 million and June 3rd recording $2.99 million in daily inflows.
Grayscale HYPG Fee Comparison with Competitor ETFs
HYPG launches with a 0.29% sponsor fee, making it the most affordable U.S. exchange-traded product for HYPE exposure. On May 12th, 21Shares introduced THYP on Nasdaq with a 0.30% expense ratio. Three days later, Bitwise's BHYP began trading on the New York Stock Exchange with a promotional 0% fee for the first month, which will increase to 0.34%. When normalized, Grayscale's 0.29% fee represents the lowest cost among the three options.
Eli Ndinga, Global Head of Research at 21Shares, stated in an email: "The velocity we are seeing in US Hyperliquid ETFs, which have pulled in over $160 million in net inflows since launching, proves that Wall Street recognizes Hyperliquid as a decentralized financial powerhouse rather than just another speculative token."
HYPE ETF Net Inflows Reach $192.01 Million
According to SoSo Value data, HYPE ETF net inflows reached $192.01 million. On June 3rd, the last recorded daily net inflow was $2.99 million. Ndinga added that Hyperliquid has routed over $170 billion in monthly volume across spot, perpetuals, and tokenized equities. The protocol achieved a revenue-to-employee ratio of $59.65 million, outperforming second-place Robinhood by 32 times.
HYPE Price Performance and Market Indicators
HYPE's price increased by 0.58% over the previous day to $72.79 at the time of publishing. The RSI and MACD indicators validated persistent bullish sentiment surrounding the altcoin. Ndinga stated: "HYPE may surpass the $100 mark by the end of the year, potentially valuing it higher than TRON."
FAQ
What is Grayscale's HYPG ETF fee compared to competitors?
Grayscale's HYPG charges a 0.29% sponsor fee, lower than 21Shares' THYP at 0.30% and Bitwise's BHYP at 0.34% after the promotional period.
How much have HYPE ETFs accumulated in net inflows?
Total HYPE ETF net inflows reached $192.01 million according to SoSo Value data, with $2.99 million recorded on June 3rd.
