Grayscale Investments said its exchange-traded fund tracking the price of the Hyperliquid (CRYPTO: HYPE) token will begin trading on Wall Street starting Wednesday.

HYPE hits an all-time high over $74 amid Grayscale ETF plans and a Coinbase team-up. Is it a true institutional shift or a retail bubble?

Grayscale is set to launch its own Hyperliquid exchange-traded fund as soon as this week, setting a sponsor fee of 0.29%.