Grayscale has finally added Hyperliquid to the ETF. The 0.29% management fee is fairly reasonable, but make sure you read the risk disclaimer carefully regarding the 1940 Act exemption—pledged yield and principal risk are two different things.

Wu Shuo learned that Grayscale has launched the Grayscale Hyperliquid Staking ETF (ticker: HYPG), which is now listed and traded on Nasdaq, aiming to provide investors with exposure to the Hyperliquid native token HYPE and attempt to earn staking rewards through network staking participation. According to Grayscale's official website, the management fee for HYPG is 0.29%. The document indicates that this product is not registered under the Investment Company Act of 1940, and does not enjoy the same regulatory protections as traditional registered ETFs and mutual funds, and investing in HYPG is not equivalent to directly holding HYPE.