Grayscale Launches Hyperliquid Staking ETF on Nasdaq with Record Low Fees

Key Facts

1Grayscale launched its Hyperliquid Staking ETF (HYPG) on Nasdaq with a competitive 0.29% fee.

2The new ETF pulled in $127 million in net assets and includes built-in HYPE staking rewards.

In a move reflecting the acceleration of digital asset investment products on traditional exchanges, Grayscale has launched the Hyperliquid Staking ETF (HYPG) on the Nasdaq. According to reports, the new fund features a highly competitive 0.29% management fee and aims to provide integrated returns through built-in staking rewards from the Hyperliquid protocol. The ETF successfully attracted $127 million in net assets immediately upon its debut, signaling strong institutional interest in regulated staking vehicles.

This launch comes amid intensifying competition among ETF issuers to provide products that generate yield beyond simple price appreciation. Compared to peers, Grayscale’s 0.29% fee positions the fund aggressively against traditional crypto-linked ETFs, which often carry fees exceeding 0.50% per market data. Analysts suggest that integrating HYPE rewards directly into the ETF structure represents an evolution in how retail investors access decentralized finance yields through regulated channels.

Regarding market performance, Nasdaq Inc. (NDAQ) shares closed at $94.25 (close July 16, 2026), as investors monitor how these novel listings impact exchange trading volumes. Looking ahead, traders are focusing on the scheduled speech by Fed Governor Bowman later today, July 17, which may provide further clarity on the regulatory environment for digital assets and broader monetary policy affecting tech-sector risk appetite.