Grayscale Submits Sixth Amendment for Hyperliquid Staking ETF
- Grayscale Investments has filed its sixth amendment for the Hyperliquid staking ETF with the U.S. SEC.
- The ETF is expected to trade soon under the symbol “HYPG,” according to Bloomberg analyst James Seyffart.
- The management fee for the ETF is set at 0.29%, though staking fee details remain undisclosed.
- Grayscale’s filings indicate an acquisition strategy for Hyperliquid’s native HYPE token, with around $144 million in seed capital from approximately two million HYPE tokens.
The recent filing marks another step toward launching Grayscale’s Hyperliquid ETF, which could begin trading within days as indicated by Seyffart. The absence of staking fee information raises questions among potential investors about total costs associated with the fund.
With a management fee of only Staking at just under a third of a percent, clarity on additional fees will be crucial as Grayscale prepares for its anticipated launch this week.
