Grayscale may launch U.S. Hyperliquid ETF this week after filing ticker HYPG with 0.29% fee

Grayscale amended its U.S. ETF filing to add the ticker HYPG and a 0.29% management fee, leading an analyst to say a Hyperliquid-linked ETF launch looks likely this week. The proposed fund would compete with existing Hyperliquid ETFs from 21Shares and Bitwise, which have drawn nearly $140 million in net inflows since mid-May.
AI Analysis
The article reports a likely imminent ETF launch with a specific ticker and fee, plus existing competing products have already taken in nearly $140 million in net inflows. This is a concrete, market-relevant development for HYPE and could affect short-term trading.