Grayscale Launches Low-Cost Hyperliquid Staking ETP

Grayscale has launched the Grayscale Hyperliquid Staking ETF (HYPG), an exchange-traded product providing exposure to HYPE, the native token of the Hyperliquid blockchain. HYPG also seeks to capture staking rewards generated through participation in the network and debuts with what Grayscale says is the lowest gross fee among U.S. Hyperliquid ETPs. The launch gives investors exchange-traded access to one of the fastest-growing decentralized finance protocols, whose HYPE token has benefited from strong fee generation and token buyback activity.