BlockBeats report, June 2: Grayscale has filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the Grayscale Hyperliquid Staking ETF, proposing a management fee of 0.29% and the ticker symbol HYPG. This fee is lower than those of similar products already launched by Bitwise and 21Shares. Bitwise’s BHYP Hyperliquid ETF charges 0% in the first month, followed by 0.34%; 21Shares’ THYP has a fee of 0.30%.
Bloomberg ETF analyst James Seyffart said that Grayscale’s Hyperliquid ETF may be set to launch soon, with expectations that the fund will go live this week. The report noted that if successfully launched, this product from Grayscale would become the third Hyperliquid ETF. As of last month, net inflows into HYPE-related ETFs had exceeded $132 million.
Grayscale Files S-1 for Hyperliquid ETF with 0.29% Fee, Lower Than Bitwise and 21Shares
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Summary
Grayscale filed an updated S-1 with the SEC on June 2 for its Hyperliquid ETF, proposing a 0.29% fee. The ticker symbol is HYPG. This is lower than Bitwise’s 0.34% and 21Shares’ 0.30%. Bloomberg analyst James Seyffart expects a swift launch, possibly this week. If approved, it would be the third Hyperliquid ETF, following related funds that saw over $132 million in net inflows last month. Bitcoin ETF news continues to attract attention as more firms seek approval.
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