Grayscale's recent hype has pushed the fee rate down to 0.29%, and institutions are starting to focus on the staking sector.

Grayscale launches a trading product called HYPE on Wednesday, with a fee rate of 0.29%, the lowest among similar products in the United States. Hyperliquid Staking ETF HYPG is listed on Nasdaq, with a fee rate lower than THYP and BHYP, with THYP at 0.30% and BHYP at 0% in the first month, then 0.34%. Grayscale states that HYPE's staking annualized yield is approximately 2.2%, indicating that institutional investors are paying attention to crypto infrastructure beyond Bitcoin and Ethereum.