Grayscale

James

Hyperliquid

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.&nbsp;
Bloomberg ETF analyst James Seyffart <a href="https://x.com/JSeyff/status/2061478016815927318" rel="noopener noreferrer nofollow">posted</a> 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 <a href="https://www.sec.gov/Archives/edgar/data/2107730/000119312526250471/hype_s-1_amendment_6.htm" rel="noopener noreferrer nofollow">filing</a> 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.
<img alt="Grayscale HYPE ETF ‘likely imminent’ as new update shows competitive fee: Analyst " height="680" src="https://s3-images.ctmedia.io/media/content/pasted-image-1229.png" width="686">Source: <a href="https://x.com/JSeyff/status/2061478016815927318" rel="noopener noreferrer nofollow">James Seyffart</a>
The 21Shares ETF has a fee of 0.3%, while Bitwise charges 0.34%. Together, the ETFs have recorded <a href="https://cointelegraph.com/news/hype-etfs-market-cap-inflows-bitcoin-ether" rel="noopener noreferrer nofollow">nearly $140 million</a> in net inflows since launch as investors looked to get exposure to HYPE,&nbsp; the token for the layer-1 blockchain and perpetual futures platform, Hyperliquid.
Hyperliquid has become one of the most popular trading platforms for crypto traders in recent months, with blockchain <a href="https://dune.com/sealaunch/hyperliquid" rel="noopener noreferrer nofollow">data</a> showing that it now consistently facilitates over $170 billion in monthly trading volume across a broad range of asset classes.
Grayscale’s HYPG is also seeking to follow 21Shares and Bitwise by staking HYPE to earn yield, an offering that asset managers have added to similar crypto ETFs to attract investors.
Related: <a href="https://cointelegraph.com/news/hyperliquid-launches-prediction-markets-offchain-events" rel="noopener noreferrer nofollow">Hyperliquid launches prediction markets for real-world events</a>&nbsp;
The Hyperliquid ETFs have helped <a href="https://www.coingecko.com/en/coins/hyperliquid" rel="noopener noreferrer nofollow">push</a> HYPE to a new all-time high of $75.30 on Monday.&nbsp;
Its market capitalization has risen to $16.7 billion as a result, making it the 10th largest cryptocurrency by market value.
Grayscale’s potential launch comes as US-listed Bitcoin (BTC) ETFs have recorded net outflows over <a href="https://cointelegraph.com/news/spot-bitcoin-etfs-see-record-10-day-outflow-streak-analyst-calls-it-contrarian-indicator" rel="noopener noreferrer nofollow">10 consecutive trading days,</a> bleeding nearly $3 billion.
US Ether (ETH) ETFs are also on a 14-day net outflow streak, as investors are <a href="https://cointelegraph.com/news/goldman-sachs-xrp-solana-etf-exposure-q1-2026" rel="noopener noreferrer nofollow">reducing positions</a> faster than<a href="https://cointelegraph.com/markets/bitcoins-less-aggressive-demand-may-lead-to-months-of-consolidation-analysis" rel="noopener noreferrer nofollow"> fresh capital</a> is flowing into the market.
Magazine: <a href="https://cointelegraph-magazine.com/hyperliquid-hype-bitcoin-ethereum-xrp-market-moves/" rel="noopener noreferrer nofollow">HYPE chases $100 target, ETH could dump below $1800: Market Moves</a>

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

Cointelegraph

Other articles published on Jun 2, 2026

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