Grayscale HYPE ETF ‘likely imminent’ as new update shows competitive fee: Analyst

Crypto asset manager Grayscale could launch its exchange-traded fund tied to the Hyperliquid token in the US as soon as this week after it amended a regulatory filing for the fund, an analyst says. 

Bloomberg ETF analyst James Seyffart posted to X on Monday that the launch of Grayscale’s ETF was “likely imminent” and was “expecting the launch this week” after the company amended the fund’s filing for the sixth time to add its ticker and fee.

Grayscale’s amended filing added that the ETF would trade under the ticker HYPG with a 0.29% management fee, which Seyffart noted “slightly undercuts” rival Hyperliquid (HYPE) ETFs from 21Shares and Bitwise that launched in mid-May.

Source: James Seyffart

21Shares ETF has a fee of 0.3%, while Bitwise charges 0.34%. Together, the ETFs have recorded nearly $140 million in net inflows since launch as investors looked to get exposure to HYPE,  the token for the layer 1