Huoxing Finance reports, according to The Block, that Grayscale submitted an amended S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) on Monday for the Hyperliquid Staking ETF (ticker: HYPG), setting the management fee at 0.29%, lower than the previously listed Bitwise BHYP (0% in the first month, then 0.34%) and 21Shares THYP (0.3%). Bloomberg Intelligence ETF analyst James Seyffart stated that the fund is expected to launch officially this week. Hyperliquid is a decentralized derivatives exchange supporting on-chain perpetual contracts, with its native token HYPE having a market capitalization of approximately $16.1 billion, ranking as the tenth-largest cryptocurrency asset globally.
Grayscale Files S-1 Amendment for Hyperliquid ETF with 0.29% Fee
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Summary
Grayscale submitted an S-1 amendment to the SEC for its Hyperliquid ETF (HYPG), setting a management fee of 0.29%. This ETF announcement comes as a competitive response to similar products such as Bitwise BHYP (0.34%) and 21Shares THYP (0.3%). Hyperliquid, a decentralized derivatives exchange, supports on-chain perpetual contracts. Its native token, HYPE, has a market value of approximately $16.1 billion, ranking it among the top 10 largest cryptocurrencies. The filing contributes to the ongoing developments in Bitcoin ETF news as firms continue pursuing regulatory approval for crypto-based funds.
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