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Grayscale Nears Launch Of Hyperliquid Staking ETF

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Grayscale Nears Launch Of Hyperliquid Staking ETF
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Grayscale Investments looks close to launching its Hyperliquid staking ETF after submitting its sixth amendment to the US Securities and Exchange Commission.

Bloomberg ETF analyst James Seyffart said the fund could start trading in a few days and will likely use the ticker HYPG. The latest filing shows a management fee of 0.29%, giving it a small cost edge over similar products from Bitwise and 21Shares.

The proposed ETF will give investors exposure to Hyperliquid’s HYPE token and include staking features. However, questions remain about possible staking fees, which haven’t been disclosed yet.

Grayscale has made several changes to the filing in recent weeks, suggesting talks with regulators are moving forward. The fund is expected to launch with about 2 million HYPE tokens as seed capital, currently worth around $144 million.

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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