Grayscale Launches Lowest-Fee Hyperliquid ETF Amid Growing Competition
- Grayscale launched the Hyperliquid (HYPE) exchange-traded product (ETP) with the lowest fees among U.S.-listed competitors.
- The HYPE fund aims to generate additional returns through staking, historically averaging about 2.2% annually.
- Hyperliquid generated approximately $857 million in revenue, making it one of the highest-earning applications in crypto.
- Roughly 99% of protocol fees are allocated for token buybacks, linking network usage to HYPE’s value accrual.
- The fund’s launch reflects a shift by institutional investors toward crypto-native infrastructure projects beyond Bitcoin and Ethereum.
The introduction of the HYPG ETP indicates a competitive landscape in the crypto ETF market, as interest grows in decentralized finance and innovative economic models like those seen with Hyperliquid.
With its focus on staking rewards and significant revenue generation, Grayscale’s new fund positions itself as a noteworthy player in evolving digital asset markets, especially after generating approximately $857 million last year. (Source)
