Grayscale's fee war is so fierce, 0.29% directly kills competitors. If HYPG actually launches this week, HYPE's liquidity will take off again.

BlockBeats reports that Grayscale has submitted an amended S-1 for the Hyperliquid Staking ETF to the SEC, proposing an expense ratio of 0.29%, ticker HYPG, lower than Bitwise BHYP and 21Shares THYP. Analysts say that if launched within the week, it could become the third Hyperliquid ETF; as of last month, HYPE-related ETFs have seen net inflows of over $130 million.