Grayscale Undercuts Rivals with 0.29% Hyperliquid ETF on Nasdaq

- Grayscale launches HYPG staking ETF with nation’s lowest 0.29% fee and passes staking rewards to holders - 21Shares and Bitwise enter market with higher fees amid rising institutional and retail demand 2026-06-04 On June 4, 2026, Cryptopolitan reported that Grayscale launched the HYPG staking ETF on Nasdaq with a 0.29% expense ratio, which is currently the lowest fee among U.S. Hyperliquid (HYPE) ETFs. The report noted that the fund also uniquely passes staking rewards directly to ETF holders, and this structure marks a turning point in the U.S. HYPE ETF market as HYPE tokens continue to surge in popularity and market capitalization. According to Cryptopolitan on June 4, 2026, HYPG’s 0.29% fee undercuts competitor offerings from 21Shares, whose THYP product charges a 0.30% fee, and Bitwise, whose BHYP ETF carries a 0.34% fee following a waiver. As a result, the launch has intensified a fee war among issuers as HYPE becomes a top-ten cryptocurrency by market cap. In addition, unlike rival ETFs, HYPG distributes staking rewards—historically about 2.2% per year—directly to holders, which further enhances its appeal as institutional and retail inflows accelerate. Cryptopolitan further reported that HYPE’s market capitalization has reached $16.1 billion, supported by robust protocol revenues and continued outperformance versus Bitcoin. Meanwhile, as of 07:09 UTC on June 4, 2026, market survey data cited by Cryptopolitan showed Hyperliquid (HYPE) trading at $69.40, with a 24-hour trading volume change of -4.44%.