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

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.