Just saw CoinShares launch a new ETP product for staking Hyperliquid on Xetra. It's called LIQD, interesting because the management fee is 0%, and you get a staking yield of 0.5% per year. The most appealing part is that it's fully backed by physical assets, so it's not just an ordinary derivative.

So for institutional investors who want exposure to the HYPE token but through traditional instruments, this is like a practical option. Such ETPs are starting to appear more in the market, but the combination of 0% fees and staking yield makes the value proposition quite solid. What do you think, interested in this kind of structured product or prefer to hold directly?