The new HYPG fund provides direct exposure to HYPE tokens and includes staking rewards historically yielding 2.2% to 2.3%.
Grayscale introduced its Hyperliquid Staking ETF (HYPG) on Nasdaq, targeting cost-sensitive investors. The fund combines direct HYPE token exposure with staking rewards, which the firm states have averaged 2.2% to 2.3% historically.
The launch follows growing demand for staking-focused ETFs, though prior products have faced fee competition. Grayscale’s entry undercuts rivals by offering a lower-cost structure while maintaining yield potential.
HYPG began trading Wednesday, expanding Grayscale’s suite of crypto-related exchange-traded products.