Grayscale's Hyperliquid Staking ETF (HYPG) launched June 3 with a 0.29% fee, the lowest among US HYPE products.

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

Grayscale’s Hyperliquid ETF launch is “likely imminent” after the asset manager set the ticker and fee for its proposed product in an amended regulatory filing, an analyst says.

Grayscale entered the ring with its own Hyperliquid linked ETF, setting a new low for fees as competition intensifies among firms.

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

Grayscale's Hyperliquid Staking ETF (HYPG) launched June 3 with a 0.29% fee, the lowest among US HYPE products.

The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.

Grayscale debuts the the lowest-cost HYPE ETP, giving investors access to Hyperliquid's growth, staking yield potential.