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![](\"https:\/\/media.crypto.news\/2022\/06\/Grayscale_Investments_Initiates_Lawsuit_Against_the_SEC.webp\")
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Grayscale has moved closer to launching its Hyperliquid exchange-traded fund after adding a 0.29% sponsor fee and HYPG ticker to its amended registration filing.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n The Securities and Exchange Commission filing submitted Monday shows that Grayscale updated its S-1 registration statement for the Grayscale Hyperliquid Staking ETF<\/a>. The amendment adds the fund\u2019s fee structure and proposed ticker, bringing the product nearer to the U.S. market as demand for HYPE-linked funds grows.<\/p>\n According to Grayscale\u2019s amended filing<\/a>, the proposed ETF will charge a 0.29% sponsor fee. The fee sits below the 0.30% charged by 21Shares\u2019 THYP and below Bitwise\u2019s BHYP, which charges 0% for the first month before moving to 0.34%.<\/p>\n Bloomberg Intelligence ETF analyst James Seyffart said in a Monday post on X that he expects Grayscale\u2019s fund to launch this week. Seyffart described the launch as likely imminent after the latest amendment appeared.<\/p>\n The planned fund would become the third U.S.-listed Hyperliquid ETF, following products from 21Shares and Bitwise. Grayscale\u2019s lower fee gives the firm a price advantage as issuers compete for early HYPE ETF assets.<\/p>\n <\/p>\n 21Shares launched its Hyperliquid ETF on Nasdaq on May 12 under the ticker THYP. The firm also launched a 2x leveraged version under the ticker TXXH.<\/p>\n As previously reported by crypto.news<\/a>, 21Shares said THYP pulled in more than $5 million within days of its debut. Eli Ndinga, global head of research at 21Shares, said the early demand showed investor interest in round-the-clock access to crypto-linked markets.<\/p>\n Ndinga also argued that Hyperliquid priced the Iran shock 48 hours before traditional venues, while CME markets were closed. He described the protocol as an important 24\/7 infrastructure for traders and investors.<\/p>\n <\/p>\n HYPE-linked ETFs had attracted more than $132 million in cumulative net inflows by last month, according to the figures cited in the report.<\/p>\n Hyperliquid operates as a decentralized derivatives exchange where users trade on-chain perpetual futures. Its native token, HYPE<\/a>, had a market value of about $16.1 billion and ranked as the tenth-largest crypto asset by market cap, according to the report.<\/p>\n Perpetual futures do not expire, unlike traditional futures contracts. Traders use them to take exposure to asset price moves without owning the asset directly.<\/p>\n <\/p><\/div>\n\n\n
Grayscale undercuts rival HYPE ETF fees<\/h2>\n
Hyperliquid ETFs draw early investor demand<\/h2>\n