Grayscale Investments has launched its
#Hyperliquid #StakingETF (
#HYPG) on Nasdaq, introducing the lowest-cost exchange-traded product in the growing HYPE investment segment.
The fund offers exposure to
#HYPE alongside staking yield participation tied to the Hyperliquid protocol, signaling the next phase of
#ETF innovation around onchain revenue-generating assets.
HYPG enters a competitive market already led in early inflows by Bitwise Asset Management and 21shares products, but positions itself aggressively on fees at 0.29%, intensifying a developing fee competition among issuers.
The launch reflects rising institutional interest in Hyperliquid’s rapid ecosystem growth, where protocol activity, fee generation, and buyback-driven token economics have helped HYPE significantly outperform major digital assets year-to-date.
As ETF issuers expand beyond spot exposure into yield-bearing
#crypto structures, competition is increasingly shifting toward fee efficiency, product design, and underlying protocol fundamentals.
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