Grayscale Hyperliquid Staking ETF Nears Launch After Sixth SEC Amendment

Grayscale Investments has moved one step closer to launching its highly anticipated Hyperliquid Staking ETF after submitting its sixth amended filing to the U.S. Securities and Exchange Commission (SEC). The latest amendment provides key details about the fund’s fee structure, prompting industry analysts to suggest that the ETF could begin trading in the near future.

Bloomberg ETF analyst James Seyffart noted that the launch appears to be approaching rapidly, stating that the Grayscale Hyperliquid ETF could start trading within days. According to the filing, the ETF is expected to trade under the ticker symbol HYPG and will carry a management fee of 0.29%.

The disclosed fee gives Grayscale a slight competitive edge over rival Hyperliquid-focused exchange-traded products. Seyffart pointed out that the 0.29% fee is lower than the fees charged by competing products, including Bitwise’s BHYP at 0.34% and 21Shares’ THYP at 0.30%. Lower management costs could make the Grayscale Hyperliquid Staking ETF more attractive to investors seeking exposure to the HYPE token ecosystem.

While the filing clarifies the management fee, questions remain regarding potential staking-related expenses. Industry observers have highlighted that staking fees can often have a greater impact on investor returns than standard management fees. As of now, the filing does not disclose any specific staking fee structure, leaving room for additional updates in future amendments.

The latest submission follows several recent amendments filed by Grayscale. Earlier filings outlined the ETF’s strategy of acquiring and holding Hyperliquid’s native HYPE token while incorporating staking activities designed to generate additional yield. Grayscale has also reportedly accumulated millions of dollars worth of HYPE tokens ahead of the fund’s anticipated launch.

The filing continues to reference approximately 2 million HYPE tokens as seed capital for the ETF. Based on current market prices, those holdings are valued at roughly $144 million, underscoring the significant scale of the proposed investment vehicle.

With the SEC review process appearing to be in its final stages and key fee details now disclosed, market participants are increasingly optimistic that the Grayscale Hyperliquid Staking ETF could debut soon, marking another milestone in the growing crypto ETF sector.