Grayscale’s Sneaky Fee Slash: Hyperliquid ETF Race Gets Wacky!

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Ah, the world of finance! Where numbers dance like sugarplums and fees lurk in the shadows like a mischievous Oompa-Loompa. Grayscale, that cunning old fox, has inched closer to unleashing its Hyperliquid exchange-traded fund upon the unsuspecting masses. With a sly grin, they’ve tacked on a 0.29% sponsor fee and a snazzy HYPG ticker to their amended registration filing. How devilishly clever!

  • Grayscale, with a wink and a nudge, updated its Hyperliquid ETF filing to include a 0.29% fee and the HYPG ticker. Crafty, aren’t they?
  • James Seyffart, the wise old owl of Bloomberg Intelligence, expects Grayscale’s ETF to hatch sometime this week. “Imminent,” he squawks, as if he’s got a crystal ball stashed in his desk drawer.
  • The fund will join the fray with Bitwise’s BHYP and 21Shares’ THYP HYPE ETFs. It’s a fee-slashing, ticker-toting battle royale!

In a filing submitted Monday-yes, the very same Monday you probably spent dreaming of chocolate rivers-Grayscale tweaked its S-1 registration statement for the Grayscale Hyperliquid Staking ETF. The amendment, a sly little addition, reveals the fund’s fee structure and proposed ticker, inching this financial beast closer to the U.S. market. And why? Because the world simply can’t get enough of HYPE-linked funds, of course!

Grayscale Undercuts Rivals with a Fee That’s Almost… Gasp… Reasonable!

According to Grayscale’s amended filing, the proposed ETF will charge a 0.29% sponsor fee. Oh, the horror! A fee so low, it’s practically a steal-or so they’d have you believe. This undercuts the 0.30% charged by 21Shares’ THYP and the 0% (for the first month, mind you) before soaring to 0.34% charged by Bitwise’s BHYP. It’s a fee war, and Grayscale’s wielding a slingshot while the others bring cannons.

When I say imminent, I mean I’m expecting the launch this week. Here’s an image for the fee.

– James Seyffart (@JSeyff) June 1, 2026

James Seyffart, ever the optimist, chirped on X that he expects Grayscale’s fund to launch this week. “Imminent,” he declares, as if the ETF were a long-lost relative finally returning home. The latest amendment, he says, is the smoking gun-or perhaps the golden ticket-proving this launch is nigh.

This planned fund would become the third U.S.-listed Hyperliquid ETF, joining the ranks of 21Shares and Bitwise. Grayscale’s lower fee gives them a leg up in the race for early HYPE ETF assets. It’s like a game of musical chairs, but with more spreadsheets and fewer bruises.

Hyperliquid ETFs: Where Investors Flock Like Ducks to a Pond

21Shares, not to be outdone, launched its Hyperliquid ETF on Nasdaq on May 12 under the ticker THYP. And because one ETF is never enough, they also unleashed a 2x leveraged version under the ticker TXXH. Because why have one helping of hype when you can have two?

As previously reported by crypto.news, 21Shares boasted that THYP raked in more than $5 million within days of its debut. Eli Ndinga, global head of research at 21Shares, gushed that the early demand showed investors’ insatiable thirst for round-the-clock access to crypto-linked markets. “It’s like a candy store that never closes,” he might as well have said.

Ndinga also claimed that Hyperliquid priced the Iran shock 48 hours before traditional venues, while CME markets were snoozing. “It’s the 24/7 infrastructure traders dream of,” he declared, as if Hyperliquid were the Willy Wonka of financial markets.

HYPE-linked ETFs had gobbled up more than $132 million in cumulative net inflows by last month, according to the figures cited in the report. Hyperliquid, the decentralized derivatives exchange where users trade on-chain perpetual futures, boasts a native token, HYPE, with a market value of about $16.1 billion. It’s the tenth-largest crypto asset by market cap, which is either impressive or terrifying, depending on your perspective.

Perpetual futures, for those not in the know, never expire-unlike your milk or your patience. Traders use them to dabble in asset price moves without actually owning the asset. It’s like having your cake and eating it too, but with more spreadsheets and fewer calories.

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2026-06-01 23:58