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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting a seismic shift in the decentralized finance landscape, Grayscale has launched its Hyperliquid ETF (HYPG) with a 0.29% fee just as the protocol achieved unprecedented market dominance. According to reports, Hyperliquid recorded a massive daily trading volume of $10.319 billion, accounting for 50.8% of the global on-chain perpetual trading total. Simultaneously, the HYPE token price surpassed the $72 milestone, driving its total market capitalization above $18 billion.
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Sign InThis momentum is bolstered by sustained institutional demand, with spot HYPE ETFs accumulating fourteen consecutive days of net capital inflows since mid-May. At a 0.29% expense ratio, Grayscale is significantly undercutting competitors whose fees typically range between 0.50% and 0.95% per market data. The protocol's record-breaking performance reinforces the fund's appeal as a regulated vehicle for exposure to the most dominant ecosystem in the decentralized perpetuals sector.
Traders should monitor the sustainability of these inflows as HYPE maintains levels above $72 (close June 3, 2026). Looking ahead, the market remains focused on the U.S. Core PCE Price Index release on May 28, 2026, which will serve as a primary catalyst for risk-on sentiment across digital assets and Nasdaq-listed technology stocks.
Update: The HYPE token has demonstrated exceptional relative strength by surpassing Solana (SOL) in unit price and hitting new record highs amidst a broad cryptocurrency market downturn. This performance highlights a decoupling from general market trends, further establishing the protocol's leadership within the decentralized finance sector.