Grayscale plans to launch Hyperliquid pledged ETF with management fees lower than Bitwise and 21Shares

Grayscale submitted an S-1 amendment to its HyperliquidStaking ETF, which plans to set the fund's management fee at 0.29%, with the code HYPG. This rate is lower than Bitwise and 21Shares, which have launched similar products. Among them, Bitwise's BHYP rate is 0% for the first month and 0.34% after that; 21Shares 'THYP rate is 0.3%. Bloomberg ETF analyst James Seyffart said he expects the Grayscale fund to go online as soon as this week. If successfully launched, HYPG will become the third Hyperliquid-related ETF.